My gift to all my long chimps. This is how flippies work. Don't worry about the bashers cause they are loading up. The biggest fraudsters are the pump chimps with new ids that just appeared. They don't want to buy your shares they want you to buy their shares. You silly chimps why else would newbies pump like they are experts. Be careful my little long chimps of pumpers as they unload. Poor chimps im sad you dont know this.
The expert at "many turnarounds" David Barefoot himself...will find a way to create profit. Just has he did after commencing production on Don Roman.
Marathon Oil Corporation announced it is moving forward with plans to repurchase $1 billion of the Company’s common stock pursuant to its outstanding share repurchase authorization. Unrelated to the share repurchase, the Company also announced an intent to sell its interest in Block 32 offshore Angola for approximately $590 million and the acquisition of approximately 4,800 net acres in the core of its south Texas Eagle Ford position for approximately $97 million, including carried interest of approximately $23 million.
The $1 billion in share repurchases will be completed in two phases. The initial phase of $500 million in common stock repurchases is substantially complete. The second $500 million phase is anticipated to be completed after closing the previously announced sale of its 10 percent working interest in Block 31 offshore Angola. That transaction, with a total value of approximately $1.5 billion, excluding any purchase price adjustments, is anticipated to close in the fourth quarter of 2013, with an effective date of Jan. 1, 2013.
Marathon Oil has reached an agreement in principle to sell its 10 percent working interest in the Production Sharing Contract and Joint Operating Agreement in Block 32 offshore Angola to Sonangol E.P. The transaction has a total value of approximately $590 million, excluding any purchase price adjustments. Pending execution of definitive agreements and government approval, the transaction is expected to close in the fourth quarter of 2013, with an effective date of Jan. 1, 2013.
“The share repurchases underscore our commitment to financial discipline and creating long-term value for our shareholders,” said Lee M. Tillman, Marathon Oil president and CEO. “With the anticipated sale of our interest in Angola Block 32, we have now completed or agreed to divestitures totaling approximately $3.5 billion, surpassing the $3 billion upper end of our stated three-year target. We continue to evaluate our portfolio for high-grading prospect
Sentiment: Strong Sell
Where are those idiots who said they were correlated? anyone who has been playing this sector for a long time knows there is 0 correlation between gold and dollar index. those who believe otherwise are just brainwashed goldbugs who drank the sinclair koolaid.
What argument do you have to make that is even worth any credible source of evidence compared to mine????????? I encourage your readers to view my postings.............
My birthday is in September and as far back as I can remember the market is always down during the week of my birthday. However, this time around I got squeezed out of my short position and went long on a few stocks. I have reason to believe the SPY is going higher. I short the SPY if I see a pattern or resistance that justifies the move.
ravage177: Absolutely not. We need to raise taxes on everyone except the very poorest. Having 44% who pay no income taxes despite having income is nuts. And so is cutting the taxes that the wealthy pay, that's nuts, too. Bush was likewise incompetent. So were the Republicans who pushed Clinton into signing the bill eliminating the Glass Steagall act that separated banks and brokerages. We know how that ended up and we are still paying for that. Go to the NY Times and type in Edsall and read "Can government do anything about inequality" to get some ideas about what we might do. We need to change the rules and environment so that capital doesn't crush labor, which it has. And we need a wholesale revision of our educational system so we get the results like KIPP and the one in NY City does with ultra-poor children. They close the racial performance gap AND the economic performance gap. There's much we can do but our population still believes in fairies, sports, Hollywood and other insane #$%$, leading lives of quiet desperation, trying not to see the vacuousness of their miserable lives because they have not been taught to think. As Henry Ford said, "Thinking is the hardest work there is, which is why so few people engage in it."
selling this stock means you think the Telco/mobile/tablet /mobile internet market is dying, meaning , you should sell all US technology/internet stocks..
Oh yeah, I clearly remember that post!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I gets paid ten cent per post, but I hear-d dumpo bombie gets paid fiteen cent per post. If that's true then I is goin' on strike.