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In 1Q16, $ESV expects depreciation to decline by approx. $35MM from $150MM in 4Q15 and G&A expense is expected to decline slightly from 4Q15 levels of $30MM. For 2016, Capex is expected to be $450MM, of which $275MM is for newbuild construction. The 2017 Capex budget is also $450MM. In 2018, Capex is expected to be $325MM.
$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.