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$HES said that 2Q16 Bakken net production averaged 106,000 BOE per day vs. 119,000 BOE per day in 2Q15, reflecting the reduced drilling program. The company has reduced drilling & completion costs 14% from 2Q15 to an average of $4.8MM per well, even as it shifted from 35 to 50-stage wells. This is an uplift of 15-20% in initial production rates.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.