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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.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?