Shell, Marathon, Petrobras, Eni make new discovery in Gulf of Mexico deep waters http://www.forbes.com/afxnewslimited/feeds/afx/2008/05/26/afx5047383.html
"The energy bull market is sustainable," says Ben Halliburton, founder and chief investment officer of Tradition Capital Management. "Global supply has been slow to increase." Although U.S. consumers have been feeling the pinch of gasoline prices at the pump in recent weeks, the increases might just be bringing prices in line with other consumer purchases. "We would argue that energy prices are not that expensive in the U.S. when you compare them to other consumer goods," Halliburton said. "You are seeing consumers start to get nervous because they have become addicted to very low gas prices relative to other consumer goods." He likes Marathon on a valuation basis. "The stock is extremely inexpensive," Halliburton says. "We are expecting Marathon to have strong earnings in 2009 and 2010 as well." http://www.thestreet.com/story/10419426/2/a-checkup-on-energy-etfs.html
Merrill Lynch upgrades Marathon Oil (NYSE: MRO) from Underperform to Buy. June 12 (Bloomberg Data) Merrill Lynch Analyst Recommendation Action Target MRO US Erik Mielke buy upgraded 65
The E&P upstream grew an organic 8% last Q and they are projected to grow as much as 20% next FY. Basically you are gettin the upstream at a discount and the refining for free. MRO is a steal at this price.
Friday, June 13, 2008 Marathon Oil (NYSE: MRO) ... Technical indicators for the stock are Bullish and S&P gives MRO a positive 4 STAR (out of 5) buy rating. MRO appears on the Investors Observer Momentum Plays list. http://www.marketintelligencecenter.com/articles/632554
MRO above crucial resistence level. The stock is ready to fly June 17, 2008 8:07 AM Marathon Oil stock has been showing resistance in the 52.08 range. Technical indicators for the stock are Bullish and S&P gives MRO a positive 4 STAR (out of 5) buy rating. MRO appears on the Investors Observer Momentum Plays list. http://www.marketintelligencecenter.com/articles/634683
your coal and fertilizer stocks suck! They are down huge in the beginning of this week, while MRO is up
Marathon Oil announces sale of Irish subsidiary for $180 mln (27.42 +0.99) : Co announces that it has entered into a definitive agreement with Star Energy Group, a wholly owned subsidiary of Petroliam Nasional Berhad (Petronas), under which Star Energy Group will purchase Marathon's wholly owned subsidiary, Marathon Oil Ireland Limited for $180 mln, excluding any purchase price adjustments at closing. The companies expect to close the transaction early in the first quarter of 2009. This agreement does not include Marathon's 18.5% interest in the Corrib natural gas development.