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Strategies & Market Trends : Value Investing

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From: E_K_S11/15/2004 3:01:10 PM
   of 78652
 
Established a new position in MRO as I like managements Integrated Natural Gas development plans (http://www.marathon.com/Our_Business/Marathon_Oil_Company/Integrated_Natural_Gas/)

Company pays a 3% dividend and is trading at 9x next year's earnings.

Here is also a list of their pipeline systems they own interest in.

Pipeline Systems
Most of Marathon’s pipeline interests are owned by its downstream affiliate Marathon Ashland Petroleum LLC (MAP). However, Marathon Oil Company owns an interest in the following pipeline systems:

* a 29-percent interest in Odyssey Pipeline LLC and a 28-percent interest in Poseidon Oil Pipeline Company, LLC (both Gulf of Mexico crude oil pipeline systems)
* a 24-percent interest in Nautilus Pipeline Company, LLC and a 24-percent interest in Manta Ray Offshore Gathering Company, LLC (both Gulf of Mexico natural gas pipeline systems)
* a 17-percent interest in Explorer Pipeline Company and a 3-percent interest in Colonial Pipeline Company (both light product pipeline systems extending from the Gulf of Mexico to the Midwest and East Coast, respectively).

EKS
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