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SM Energy CEO Javan Ottoson is not willing to bet the round of corporate-level M&A that dealmakers are hoping for is on the horizon in the prolific Permian Basin.
The find is still in its early stages but is estimated to hold more than 15 billion barrels of oil and gas.
Insiders at GNC Holdings, American Express and three other companies have been scooping up shares of their own stock lately.