Apparently it came today. One of Marathon’s last links to conventional production, Libya, was sold today. Good thing, too, because oil is in an uptrend and guess they wanted to sell it before it got too high. Also, as Marathon no longer has anyone who knows conventional drilling, and as this asset was operated by others, there was not a risking of outing of Marathon’s currently limited technical base . Guess being in the middle of the non-conventional here wasn’t enough and that they now want to moo louder than the rest of the herd, too!
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Marathon management is happening to the share price. Stay tuned, more of this to come.
Read the 10k & analyst reports
Because they know everyone is about to dump theirs tomorrow