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$XEC 2Q15 Q&A: Jason Smith of BofA asked about testing results of Avalon. John replied that XEC is very happy and pleased with the results from the pilots that are drilled in Avalon. XEC tested a variety of spacing throughout the Avalon. On a go-forward basis, based on these results, very comfortable with 8 wells per section.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?