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During 2Q16, $XEC saw a nice boost in its Permian production with the addition of a second frac crude in May. The volume for Permian Basin came in at 509MM a day, up 7% vs. 1Q16. The Mid-Continent volume averaged 463MM a day, up 11% vs. 2Q15. With only 5 new wells coming online in 2Q16, Mid-Continent volumes fell 30MM a day vs. 1Q16.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($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.