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Energy company $DVN said it will acquire 80,000 net surface acres in the Anadarko Basin STACK play from Felix Energy, a portfolio company of EnCap Investments, for $1.9Bil and 253,000 net acres in the Powder River Basin for $600MM in separate transactions. They will be funded with about $1.35Bil of equity and about $1.15Bil of cash and borrowings.
Visa ($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.