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Marathon Oil Corp (MRO) top pick, target $82
- Thread starter aresky
- Start date
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
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
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
Oil and gas stocks suck. Avoid
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
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
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
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.