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$NFX said proved reserves at end 2015 were 509 MMBOE, with 57% liquids and 65% proved developed. Anadarko Basin proved reserves rose to 269 MMBOE at end 2015, comprising more than half of company reserves. Proved reserves were down YoverY due to lower crude oil and natural gas prices. Pre-tax value of reserves at end 2015 was down 67% to $2.9Bil.
Visa ($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.