Also keep your eye out on what happens in Syria. This is what is precipitating the King's visit to Moscow next month. SA just officially agreed to join the fight in Syria. Syria and Turkey are going to be the keys to what happens to energy in that region. Both the Russians and SA/OPEC have a lot at stake, along with Syria and Turkey. Assad's survival and Turkey's preeminent position of key energy distributor, especially to the EU market, are pretty obvious.
The latest Bloomberg Business article today on oil states:
"Supply exceeds demand by as much as 1.7 million barrels a day, so cutting 1 million from production would in theory make prices more “reasonable.”"
Think about this -- cutting a million barrels from production levels today is nothing if a certain petro-State, let's say like Venezuela, has a regime change in 2016. That country is either the 6th or 7th biggest producer and is an OPEC member. OPEC's market share, in such a scenario, would be immediately reduced, whereby some non-OPEC producers will pick up the slack. The question then becomes -- will OPEC & SA then be more reasonable in negotiating longer-term production cuts in order to hang on to their market shares or will they be more wise by lowering production now just a bit... in anticipation of that South American regime change... so when it does come, OPEC is in a great position to pick up the slack and picking up even a bigger market share???
Patience. This stock is going to be like a rubber band until oil settles in at the $35 range. In the interim, MRO is going to swing within the $7-$9 range. JMHO
"Marathon Oil Corporation (NYSE: MRO) was deemed another $35 oil winner. It does deserve merit to point out that this was last seen down only 0.2% – but at a share price of $7.28. Marathon has a $4.9 billion market cap, a consensus analyst price target of $15.21 and has a 52-week range of $7.01 to $31.53."
So you want a breakup value.... when you should be asking for enterprise value upon a potential acquisition.
Lol. The only knife you're catching is the one MM's will be putting in your back when the short squeeze comes.
Don't be surprised when OPEC and non-OPEC producers announce a slight production slowdown cease-fire....which will eventually be violated in the months following, but will immediately crush a lot of folks holding short positions. $40 oil in the next quarter or two is not out of the question. Caveat emptor!
Agreed, got my last 2,500 shares @7.21 today. This is rapidly approaching an Oversold scenario, and am open to selling my 20,000 shares at the 9's, to shorts who will need them soon.
Good luck with that one... you will be waiting quite a while. Nevertheless, I took several quarter-brick buys @ the 7.45-7.50 range. Only wish I had more powder. GLTA
Heck yes, a third of the company's value got vaporize today....from a quarterly earnings report! A blip on the bigger screen of things. Bought a brick @17.17 today.
Hertz does not "return" their cars to GM, Toyota, or Chrysler. As soon as they are depreciated (within 3 years, sometimes 4 years), they are sold (thru many different channels, including Adessa) and the vehicles are off their books. Any residual value of the vehicle is pure gravy. This is why Icahn's acquisition of Pep Boys and involvement with Autozone makes sense.
You, Updown, are brighter than you sound. EU will takes its lead from DOJ, as it would appear hypocritical if they didn't especially after their CAM-SLB expedited approval. The asset buyers have already been lined up and DOJ is waiting for HAL to "show & tell".
You are truly mentally challenged updownbuysell. What DOJ is really saying is show us an actual transaction that follows the divestment plan.
It's a savvy calculated move by HAL -- force DOJ's hand first. Once the DOJ hurdle is addressed, the other foreign regulatory bodies will have to fall in line. Otherwise, they run the risk of being arbitrary, especially in light of other already approved mergers (CAM-SLB).