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re: Lets Talk ABout MRO
Posted on 4/16/20 at 9:32 pm to Barrister
Posted on 4/16/20 at 9:32 pm to Barrister
Because they got involved in chasing shale oil and shed all their good conventional assets along with refining being split off. They now can’t drill economic wells sub 50$ along with the rest of the shale chasers and have a high probability of going bankrupt.
1
Posted on 4/16/20 at 9:36 pm to TigerDog83
That’s pretty good reasoning 
Oil IS going to $10. There’s nowhere on earth to even store the stuff so I’d say MRO is worth a swing trade at $2
Better off looking at MPC for longer term. That’s the refiner.
Oil IS going to $10. There’s nowhere on earth to even store the stuff so I’d say MRO is worth a swing trade at $2
Better off looking at MPC for longer term. That’s the refiner.
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