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Edward Westlake of Credit Suisse asks whether there are any plans on aiming free cash flow to reduce debt. CFO Steve Riney said $APA is comfortable with its debt level right now. He added that the company might use some of its cash to pay down debt, especially in the short term.
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.