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$EGN said the the company had strong production growth in 2Q16 and saw good response to its Generation 2 frac designs. The company continues to see broad based efficiency gains and completion optimization continues to evolve. $EGN added that DUC completions in 2017 are expected to use more sand fluid, tighter frac stages and clusters.
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.