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$DVN said it is raising the mid-point of its 2016 production guidance by 7,000 Boe per day. Company expects 2016 upstream capital program to be $1.1-1.3Bil, up $200MM from previous guidance. The capital investment will be deployed in the Delaware Basin and the Oklahoma STACK play beginning in 3Q16, with the addition of 3 operated rigs.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.