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$DVN lowered its full-year 2016 lease operating expenses (LOE) outlook by $150MM to a range of $1.6-1.7Bil, due to the operating cost performance achieved year-to-date and the impact of recent asset divestitures. With this improved outlook, $DVN is now on track to reduce LOE and production taxes by nearly $600MM compared to 2015.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.