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Started By
Message
Lets Talk ABout MRO
Posted on 4/16/20 at 9:29 pm
Posted on 4/16/20 at 9:29 pm
Marathon Oil
Founded in 1800s
Publically traded for 30 years
52 week high - 19.93
COVID-19 Market Drop - 3/5/20 8.00 ---> 3/9/20 3.50
Currently trading at 3.89
Save the COVID drop, this is an ALL-TIME LOW.
yes...I know...P/E could be better 7.2, but we're still talking about a solid Mid-Cap company (3.B) that will bounce back when oil eventually does. ( and it will...always does)
Can someone tell me why I should not load up on this and wait?
Founded in 1800s
Publically traded for 30 years
52 week high - 19.93
COVID-19 Market Drop - 3/5/20 8.00 ---> 3/9/20 3.50
Currently trading at 3.89
Save the COVID drop, this is an ALL-TIME LOW.
yes...I know...P/E could be better 7.2, but we're still talking about a solid Mid-Cap company (3.B) that will bounce back when oil eventually does. ( and it will...always does)
Can someone tell me why I should not load up on this and wait?
3
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.
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.
Posted on 4/16/20 at 9:37 pm to Barrister
Did you look at their debt? Append that to the poster that noted they are now on the shale treadmill.
This post was edited on 4/16/20 at 9:49 pm
Posted on 4/17/20 at 3:08 pm to Barrister
What just happened? Up 11% for the day for no reason
Posted on 4/17/20 at 4:13 pm to Ooh Wee Ooh
Check their cash flow statement.
They weren't making real money at $50 or $60 oil.
They weren't making real money at $50 or $60 oil.
Posted on 4/17/20 at 5:19 pm to Texas Tea 123
I don't own MRO. Was more so commenting on how bizarre it was for oil stocks to be up today
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