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In Sept. 2015, $MRO had intention to scale back its conventional exploration program, with future exploration investment focused on meeting the existing commitments in the Gulf of Mexico (GoM) & Gabon. In April 2016, $MRO decided not to drill any of its remaining GoM undeveloped leases & expects a non-cash impairment charge of $140-150MM in 2Q16.
$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.