I just listen to the conference call. It really sounded very good and the reason for Q1 earning is the cost of exploration. They might use the whole amount or portion of it and that why the earning has wide margins. Even after downgrade the price target is $90. This will be $75 by mid Feb.
Been waiting for a move like this to load up. Was walking to the door when I looked at premarket and noticed the B/A spread on MUR. Needless to say I did not leave until 10:30 CST. This is a great trading stock.