Page 1
Page 1
Started By
Message

Do you like MPC today and why/why not?

Posted on 3/24/20 at 9:31 am
Posted by clf1234
LA
Member since Nov 2014
50 posts
Posted on 3/24/20 at 9:31 am
Divulge.
Posted by Lgrnwd
Member since Jan 2018
5250 posts
Posted on 3/24/20 at 9:37 am to
Yes

Because I think it will go up
Posted by clf1234
LA
Member since Nov 2014
50 posts
Posted on 3/24/20 at 10:11 am to
Agreed. Morning star has it as a five star buy with fair value at $89 a share. If it gets to that level in a year or two you could make some serious cash with a substantial position in it.
Posted by TigerEye2
Prairieville
Member since Aug 2011
308 posts
Posted on 3/24/20 at 10:31 am to
MPC is one of the best run refiners in the O&G industry from top to bottom. They’ll have strong business in both upstream and downstream from operations and balance sheets perspectives. I’m certainly buying and suspect they will return but this is a long term play.
Posted by clf1234
LA
Member since Nov 2014
50 posts
Posted on 3/24/20 at 10:39 am to
Definitely agree that you have to have a long term perspective. Anything can happen in a week but their historical performance has to give you confidence in this storm.
Posted by LSUcdro
Republic of West Florida
Member since Sep 2009
11129 posts
Posted on 3/25/20 at 11:21 am to
10,000th post

Y’all are the real MVPs
Posted by Boudinbaw
Member since Jan 2020
84 posts
Posted on 3/25/20 at 11:41 am to
quote:

They’ll have strong business in both upstream and downstream from operations
MPC does not have upstream assets, you're referring to MRO
Posted by TigerEye2
Prairieville
Member since Aug 2011
308 posts
Posted on 3/25/20 at 12:44 pm to
Correct MRO. Just assumed that was understood that MPC was downstream.
Posted by LSUcdro
Republic of West Florida
Member since Sep 2009
11129 posts
Posted on 3/25/20 at 1:17 pm to
I bought MPC yeaterday at 17.10... its almost 22. Should I ride it or dump?
Posted by TigerEye2
Prairieville
Member since Aug 2011
308 posts
Posted on 3/25/20 at 1:34 pm to
Any O&G stock right now is a long term position. Most of the downturn isn’t associated necessarily with CV19 but the price of oil and Saudis flooding the market.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram