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And don't miss Liam Denning on an oily mess at Pioneer: "Overall, it's true Pioneer cut its target for production growth in 2017 from 15-18 percent to 15-16 percent. That's a drop of just one point using the middle of those ranges and still within range. Moreover, Pioneer isn't the only company tapping the brakes on spending and growth amid sub-$50 oil.
The bigger problem lay beneath that headline number."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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