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$XEC said it expects 2016 exploration & development capital of about $600-650MM, down 29% from 2015 levels at the midpoint. An additional $50MM is earmarked for midstream and other investments. The capital program is expected to be funded with cash flow from operating activities and a portion of the $779MM of cash on hand at December 31, it said.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$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.