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$EGN said that for FY17, the company targets projects that offer long laterals in combination with high working interests. At a minimum the company will require a pre-tax internal rate of return of 25-30% on wells drilled. $EGN is also targeting a net debt to EBITDAX from drilling and completion activities near 1.0.
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.