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$MRO said it acquired PayRock Energy Holdings, LLC, a portfolio company of EnCap Investments, for $888MM. PayRock has approx. 61,000 net surface acres and current production of 9,000 net Boed in the oil window of the Anadarko Basin STACK play in Oklahoma. The transaction is subject to close in 3Q16, funded with cash on hand.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!