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On April 13, 2016, $SGY was notified that the borrowing base under its bank credit agreement has been redetermined from $500MM to $300MM. $SGY had outstanding borrowings of $457MM and letters of credit of $18.3MM under its credit agreement as of April 13, 2016, resulting in a borrowing base deficiency of $175.3MM.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?