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$APA said subsequent to 2Q16-end it placed another strong Wolfcamp B well, the CC 4144 East 2HM on production at a peak 24-hour IP rate of approx. 2,200 BOEs per day. In the Midland Basin, the company looks forward to bringing on three lower Spraberry shale wells in 2H16, where it has significant running room and anticipates compelling economics.
Visa ($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.