Because everybody already knew that when the stock was 67. Can it go down more? Sure. But you're a lot closer to a buy point than you are a sell point.
1. MRO already went down 3% on the COP news. You think the Street can't connect the dots?2. MRO is trading at a forward PE ratio of 7.1 There 10 year low PE is 6.6 and the 5 year average is 8.8. This based on already lowered guidance.
the gasoline that Mro sells is above the national average and will rise during the summer season. it may be time for a reversal.