Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (55830)	8/10/2015 9:19:44 PM
From: Spekulatius	Respond to of 78666

I had one extra zero in the price for crude ($100/brl) is what I meant, but I hope the intend of post was clear. FWIW, I bought some MRO today at $18.32. The stock is cheap, but they also struggle with costs that seem to be too high. I do think that they have a high quality resource base, but they need to operate better and I think their balance sheet could be better. I also think they will need to cut the dividend eventually if crude prices stay where they are. I owned this many years ago for a good gain and posted about it more than 10 years ago in this thread (I think). At that point, they were integrated and their refinery business (now MPX) did very very well. I hope their upstream business eventually will catch up again.