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Marathon Oil Corporation Message Board

  • staggelee staggelee Mar 12, 2008 6:20 PM Flag

    HESS -

    WTF, Does Hess not buy any oil?

    Whereas, MRO seems to be buy a lot of foriegn oil which are at record prices, plus it's getting nailed as a refiner.

    Pissed at seeing the gains erased from the tues rally.

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    • Mro does a good businee selling distillate in the midwest. That is the hot product this quarter. I think MRO refining will way outdo its competition this next earnings report season. There is investment in ULSD plants was high and is about to pay off big time. Buying expensive foreign crude is not a problem if the refinery yield of ULSd and jet are high enough.

    • Im pissed too. Thats why I vented earlier.

      • 1 Reply to gordon54838
      • HES production guidance for this year is 385Kbpd with 235kbpd of refining capacity. their upstream "growth" is practically nothing, 10kbpd per year (2.5%). the stock's strength is of course coming from their offshore brazil leases, but they wont even begin to look into those until the end of 2009 i hear, and first production is who knows how far out? a few years at least. all that for an enterprise value of 36.65B

        MRO's production guidance for this year is 430Kbpd with 975kbpd of refining capacity. upstream growth is 6-9% per year. additional refining growth of 19% in 2009, 50% distillataes. enterprise value 43.65B

        And while HESS may have brazil, MRO has angola, which according to citigroup, along with the gulf of mexico, almost double MRO's reserves

 
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