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Marathon Oil - (MRO) Any thoughts or analysis?
Posted on 2/17/11 at 12:46 pm
Posted on 2/17/11 at 12:46 pm
Marathon has been on a steady climb over the last few months. I figure they will start reaping some benefits and profit from the massive expansion in Garyville, La. that was completed last year.
This post was edited on 2/17/11 at 1:50 pm
2
Posted on 2/17/11 at 1:05 pm to Athanatos
quote:
I'm guessing you missed the spin off of MRO's downstream business back in January? LINK
I certainly missed that. Any idea why the MRO stock would climb after that, as opposed to go down? The way I see it is that after a spin off, shares would go down. Is my logic off? (Very new to this). Thx
Posted on 2/17/11 at 3:52 pm to TigeRoots
The refining business is very low margin so spinning it off allows MRO to focus on higher margin E&P activities and gives them greater leverage to hydrocarbon prices. Timed it rather well w/ the diverengence of prices we are seeing at present in WTI and Brent front months. Accretive as well.
Posted on 2/17/11 at 4:44 pm to Athanatos
quote:
The refining business is very low margin so spinning it off allows MRO to focus on higher margin E&P activities and gives them greater leverage to hydrocarbon prices. Timed it rather well w/ the diverengence of prices we are seeing at present in WTI and Brent front months. Accretive as well.
Makes perfect sense.
Thanks again.
Posted on 2/17/11 at 7:18 pm to TigeRoots
no problem
Posted on 2/18/11 at 9:52 am to TigeRoots
this has more to do with them spinning off the refining and marketing operations than anything related to garyville.
Posted on 2/18/11 at 12:35 pm to Tiger Ryno
This was addressed above.
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