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For 3Q16, $CXO expects production to average 144-148 thousand Boe per day (MBoepd). For 2016, $CXO lifted production growth outlook to 0-2% from prior range of 0%. $CXO lowered its forecast for lease operating expense and workover costs per Boe for 2016 to $6.50-7.00 from $7.25-7.75 and for cash G&A per Boe to $3.00-3.30 from $3.10-3.50.
$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.