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Morgan Stanley analyst Evan Calio asks $NBL on the returns uplift and incremental well costs of enhanced completions. Operations EVP Gary Willingham says that the company expects longer lateral lengths in 2H16 and even more beginning in 2017. $NBL is testing different completion designs, so it's not in full development mode yet as expected.
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.