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johnsyn

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johnsyn

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Thursday, 05/02/2013 4:18:18 PM

Thursday, May 02, 2013 4:18:18 PM

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3:59 PM Murphy Oil (MUR -0.4%) plans to file final paperwork with the SEC next week in hopes of receiving approval to spin off its entire U.S. retail division, and will seek a favorable IRS ruling for the spinoff as a tax-free transaction. Also, MUR changes its mind and says it will not sell its 5% stake in Alberta's Syncrude oil sands project and its shale gas properties in western Canada.

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