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fung_derf

06/11/18 10:09 AM

Post #10

Re: #9: @56Chevy - Refiners Join Forces: Marathon to Acquire Andeavor for

Thanks. I sold out last week. Perhaps a tad early.

56Chevy

06/08/18 4:55 PM

Post #9

Re: #8: @fung_derf - Too true, but then again, had I been

Refiners Join Forces: Marathon to Acquire Andeavor for $23 Billion

Deal will create the largest U.S. refiner
Marathon Petroleum Corp. (ticker: MPC) and Andeavor (ticker: ANDV) have entered into a definitive merger agreement under which MPC will acquire all of ANDV's outstanding shares, representing a total equity value of $23.3 billion and total enterprise value of $35.6 billion, based on MPC's April 27, 2018, closing price of $81.43.

ANDV shareholders will have the option to choose 1.87 shares of MPC stock, or $152.27 in cash subject to a proration mechanism that will result in 15% of ANDV's fully diluted...

Source:
https://www.oilandgas360.com/refiners-join-marathon-to-acquire-andeavor-for-23-billion/

Marker:
Andeavor (ANDV)
$144.68 down -0.12 (-0.08%)
Volume: 1,468,652

fung_derf

05/02/18 11:56 AM

Post #8

Re: #7: @Windbag1014 - They are guiding over a billion dollars in

Too true, but then again, had I been watching, I'd be long gone...

Windbag1014

05/02/18 11:43 AM

Post #7

Re: #6: @fung_derf - Considering my cost basis is $46, I can't

They are guiding over a billion dollars in synergies. It looks like a geographic buy more than anything else. Squeeze out costs with a good overlap operationally. I think I will let it creep up a bit and sell at least some. Hard to leave that much of a gain on the table. Too many factors in oil that can vaporize profits in short order.

fung_derf

05/02/18 11:32 AM

Post #6

Re: #5: @Windbag1014 - Mine came from TSO. It's taking its

Considering my cost basis is $46, I can't complain. However, I'll be darned if I know what to do with it here.

Windbag1014

05/02/18 11:21 AM

Post #5

Re: #4: @fung_derf - I have a few hundred shares I got

Mine came from TSO. It's taking its time to get to $152.

fung_derf

05/02/18 11:11 AM

Post #4

Re: #3: @Windbag1014 - I know. I took a look after

I have a few hundred shares I got from, I believe it was WNR who sold out to TSO who sold to ANDV.
Never paid much attention to the shares, and now I'm up over 200% in them. Sometimes, not looking is the best strategy. I probably would have dumped them long ago if I were paying attention.