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$EOG said in April it drilled 7,000 foot laterals, Rattlesnake 21 Fed Com 701H and 702H. The first 20 days of production are averaging more than 3,800 barrels of oil equivalent per day per well with maximum 24-hour rates at 4,200 barrels of oil equivalent per day per well. During 1Q16, drilling days fell 14% from 2015 average to 16.1 days.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.