Well, with the Concho news this morning, if there was any doubt LT ran the Marathon ship into the ground, it’s the fact another “peer” company was acquired and Marathon was left without a dance partner.
Happy Monday!
10 replies (most recent on top)
Once again hold out and never sell, even in the face of adversity is not a good answer to shareholders. Value is relative to now. If something has become cheap, but is worth a little more than that, it may be worth buying. It doesn't matter if it is cheap in an absolute sense, and visa versa. If it makes sense to the institutions to agree to merge/buy/sell companies to optimize costs, they will favor that, and they don't care about your opinion. BTW, I don't work for Marathon Oil, but do analyze the company for people's investment purposes.
What a dumb comment. The oil and gas stocks have fallen [insert crazy number] this year and you think now is a good time to sell? You must work in BD with that buy high, sell low mindset.
"you do NOT want us to get bought". There in lies the irony. If the stock holders (the owners of MRO) really believed MRO would never be bought, the price would tank much more. Getting bought means the buyer thinks you are worth your price, or more. Unless an employee owns a large quantity of MRO stock, they have very little say in that, except working to make it worth it's price, or not....
If you thought we overpaid in the Delaware, then just be glad we didn't buy into the Midland Basin. Wells would have been better, but Midland prices at the time were absolutely insane.
The big mistake was that two someones (Lee & Pat) were hellbent on buying in the Permian in 2017 and bought garbage for top dollar. No one else even came close to our bid. We made many BCBM people millionaires. It was decreed from on high and people made it happen.
BTW, Concho (or anyone) getting bought right now is not a good thing for them. Ask the gazelle if he likes getting eaten by the lion. COP has no need for CXO employees and they will get axed. Unless you're itching to get laid off, you do NOT want us to get bought.
MRO leadership egos would have you believe they were a major when in reality this company should be bought EOG as a penny stock.
The renaissance of MRO continues. With a stock price of $3.98 the supposed leadership team still has a little value left to destroy. Time for round of layoffs clearing this lot of losers out.
MRO missed out on the Midland Basin. Sleepy and unexciting while everyone chased Apache over the Delaware Basin cliff, but now the Midland Basin is the real gem. Names you never heard of will be valuable going forward.
If MRO had anything of value, it would have been bought out by now. For reasons unknown mgmt decided they wanted to become a small bottom feeding company, so congrats on that "achievement". With no diversity in their portfolio and lower for longer (like 5 years) this won't end well.
The problem is MRO still sees itself as a big boy company that matters. We haven't quite figured out that we aren't as large or respected like we once were. We're still thinking that we're the ones who'll be doing the buying.
We need to merge with someone or we're going to get bought out of the clearance bin.
LT has a dance partner, it's called the rest of the board and the exec leadership team