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$CNX said that it reduced capital primarily due to efficiency improvements seen around drilling and completions in cycle times. Rate of change and cost improvement is industry-leading. E&P capital spend level was a little over $800MM in 2015, and estimates $205MM for 2016. $CNX will enter 2017 with around 60 drilled, but uncompleted wells.
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.