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Marathon Oil Corporation Message Board

  • chiragamin72 chiragamin72 Sep 29, 2011 1:36 PM Flag

    MRO acquisition candidate

    MRO in my mind is the best investment hands down. P/E under 5, MRO's Libyan oil (which is accounts for up to 15-20% of their oil) back online, and a market cap of $16 billion for a pure-play E&P makes it a great acquisition candidate. Wouldn't it be a great move for the next CEO of ConocoPhillips (COP) following their refining spinoff to buy MRO as a merger of the two pure-play E&P spinoffs? This potential combined company would indeed be a powerhouse.

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    • Its coming the big boys are flush with so much cash stock buy backs and divi raises would be nice but IMO MRO would be a no brainer acqustion just with their holdings in the Balken and Eagle-Ford make it a prime target plus your getting the divi while you wait either way this stock is under valued I bought 750 shares today and will be buying more! Disclosure I own COP,BP,MRO,and my spec is KOG! Good luck MRO investers you will be rewarded come on with a P-E @5 times earnings if this isnt a Christmas gift I dont know what is if I am wrong let me know!

    • I find it a little disconcerting that there hasn't been any news on earings. I hope that Libya production isn't going to impact their numbers too much. any thoughts? thanks jp

    • Wouldn't it be a great move............there is a 99% average that any stock will not do as you would want or like. The biggest mistake any investor can make is buying more stock on, "wouldn't it be great". The average goes higher on an M+A event.

      • 1 Reply to lgcret
      • Lgcret,

        MRO will eventually be acquired. A $17 billion pure-play E&P company with the proven reserves that Marathon has is an asset for any integrated oil major (such as XOM, CVX, COP, BP, RDS-A) or even an oil major wanna be (such as BHP). Economies of scale will soon dictate a MRO acquisition, as wildcatting for oil in the Gulf or other offshore region or having to deal with a tax-hungry nation or terrorist nation in order to build up proven oil reserves just become too much of a hassle to deal with.

    • In fact you just convinced me to add a little more next week. Thanks .

      • 1 Reply to cashewking05301
      • Cashewking,

        Great minds think alike. :)
        I laugh when I see bozos telling me that this stock is going to $10.
        I was waiting for a dip below $20 based on the irrational exuberance of people thinking that this world is falling down. Many of these doomday prophets have never driven in Southern California during morning traffic or rush hour, when it seems that over 50% of the vehicles on the road are either SUVs, trucks, or big rigs. Oil demand will always be strong. Don't let anyone fool you. Just be ready to buy the next time crude falls in the 70s or lower.... 1000 shares of Marathon (as well as close to 1000 shares of Chevron, ConocoPhillips, ExxonMobil, and even BP) and counting. Give me more chances to accumulate while the opportunity is still there....

    • Very good thinking ! It would be a huge winner for everyone.

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