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$NBL said it received $486MM on June 14 through initial closing of sale of about 33,100 net acres within Greeley Crescent area to Synergy Resources. The remaining funds, estimated to be $19MM, will be received in final closing expected to occur in 4Q16. The acreage included in transaction remains dedicated to midstream business.
Visa ($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.