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Exploration company $PDCE said it has signed deals to acquire 2 privately held companies managed by Kimmeridge Energy for about $1.5Bil. Deal includes about 57,000 net acres in Reeves and Culberson Counties, Texas with an average working interest of about 93%. The acquisition is expected to close in 4Q16.
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.