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$QEP 2Q15 Call: Production in the second quarter was 80.9 Bcfe or 5.7 Bcfe higher than the 75.52 Bcfe reported in the first quarter of year. Well volumes were 4.9 million barrels, up 400,000 barrels. NGL volumes were 1.2MM barrels, up 250, 000 barrels. Natural gas volumes were 44.5 Bcf, up 1.9 Bcf from the respective first quarter volumes.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."