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For 2016, $CNX cut its E&P Division capital budget to approx. $205-$325MM based on the midpoints. The company also expects annual 2016 E&P Division production to be approx. 15% growth vs. 2015 total production volumes and Coal Division sales to be approx. 27-32MM tons, including 2016 estimated sales for Pennsylvania Operations of 22-26MM tons.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.