Owned MPC since spinoff from MRO. This is a value play with nice 3% divi while I wait.
Well managed. Good diversity of operations between pipelines, storage, refining, retail stations and convenience stores. Maybe boring with buy and hold strategy but as I look back over my trades that's how I've made the "big" profit. My target sell price is $55. Best to all.
Any time you can get a share of MPC under 36, buy it with both hands...I have steadily increased my holdings since the spin off from MRO and most recently picked up 1200 shares at 30.50 in the last dip. Great assets, well managed...
makes sense, cheaper to buy established reserves then spend money on unsuccessful exploration. A $10 billion purchase is small potatoes for Exxon. MUR is a clean operation and not to many partnerships and overlaps with XOM competitors. Consolidation will occur in this industry as producers search for economies of scale.