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$HES 2Q15 Call: On July 1, HES closed on sale of a 50% interest in the Bakken Midstream assets for cash consideration of $2.675Bil and formed a JV with Global Infrastructure Partners. At closing, the JV incurred $600MM of debt through a 5 years term loan A facility. Adjusted net loss was $147MM or $0.52 per share vs. net income of $1.38 in 2Q14.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.