[Asst2TheRegionalMngr]

20 billion*

[Asst2TheRegionalMngr]

Mpc about to jump. 20 in cash coming in with 4 billion buy back

[Job29]

Seven & i and Marathon Petroleum announce $21 billion deal to sell Speedway to Seven Eleven.

https://t.co/8ciER1kmdw

[WolfOfGrnStreet]

Oil does not and will not go away. Liberals go away. Cheers

[WolfOfGrnStreet]

Up

[dbowren]

This should start moving north by next week if not sooner!!
45+

[dbowren]

Looking for good $$$$$ Aug 3rd Report. Lots of summer travel!!!
Speedway$$$$$$

[dbowren]

Nice$$$$$$$$$
Buy on fear!!!!

[WolfOfGrnStreet]

$$$$$$$$$$$$$$$$

[WolfOfGrnStreet]

Yes Yes Yes!!!!!!!!

[dbowren]

Buy Buy Buy!!!

[carbonfiltered]

$70 by January

[TradingBabyishere]

Back over $40!!!!

Got tons of shares sitting in this guy and man the accounts are green all around!!!

[WolfOfGrnStreet]

Winning

[TradingBabyishere]

Got to love this baby!!!

Making money and dissident now declared.

$$$$$$$$$$

[moonfish 1]

Here we goooooo $$$$$$$

[TradingBabyishere]

Clearly a long play, but it will have great returns.

Cheers!!!

[OMOLIVES]

Ha!...I added to BP on the 16th(long..very long)....now I am about to make a first entry here. Am a little heavy though given that I also own ENB(Enbridge). May have to trim a little BP to place here.

What great days!!!

[TradingBabyishere]

Still increasing my position here. I know their refineries are cutting output, but the key here is how quickly will demand start to eat thru the stockpile being built up at this time.

[TradingBabyishere]

Still buying up this beautiful pig. She should be a shinny one by Q3 in my opinion.

[TradingBabyishere]

Dry powder moving into this one is a no brainer.

Cheers to all

[doebop]

Loaded up

[TradingBabyishere]

It seems we’re moving a long fast here.

Very bullish on Marathon.

[TradingBabyishere]

Brexit seems to be a go, China seems to be coming to the table, and more turmoil in the Middle East all add to more oil getting consumed, and Marathon makes better margins because they buy the cheap heavy crudes from Canada that provide them a great margin.

I expect this all to be playing in as there is nothing else I’m seeing on the radar.

[crowin]

Why the sudden spike in MPC today? 63.50 to 65.38 in 9 minutes

in at 47.70 for G&I

[TradingBabyishere]

This play is still staying very solid.

I think it has more upside even in the slowing economy.

[TradingBabyishere]

What a move by the stock over the past two days.

I like this stock very much in the near to mid term.

Also have to love the old Andeavor board members trying to show off their “expertise” and oust the CEO.

[whytestocks]

News: $MPC Marathon Petroleum Responds To Elliott Management Proposal

FINDLAY, Ohio , Sept. 25, 2019 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today issued the following statement regarding the letter and presentation released by Elliott Management to MPC's Board of Directors. MPC engages in regular communication with its shareholders and...

In case you are interested MPC - Marathon Petroleum Responds To Elliott Management Proposal

[TradingBabyishere]

This split would be a very nice boost to the company.

I’ll be in the split camp for now.

[TradingBabyishere]

The spread for refiners seems to be moving.

Got a big position going in this one.

Cheers!!!

[OTCpicks1]

$MPC Marathon Galveston Bay refinery FCCU may be shut eight weeks - Reuters

The gasoline-producing unit at Marathon Petroleum's (NYSE:MPC) 585K bbl/day Galveston Bay Refinery in Texas may remain shut for 2-8 weeks for repairs, Reuters reports.

The 140K bbl/day gasoline-producing Fluidic Catalytic Cracking Unit 3 was shut on June 29 to repair a leak, according to the report.

To repair the sour water stripper, which removes ammonia and hydrogen sulfide discharged by FCCU 3, MPC may need to rebuild a needed transformer, which reportedly could take eight weeks; if a replacement can be purchased, the repairs may only last two weeks.

Galveston Bay is MPC's largest refinery and the second largest in the U.S.

[rambo1976]

dark side of the index on ....trailing a stop loss....without a double bottom in sight
not again...
whereby share price can be received after day trade not an hour trader
market close
that the low point
thanks'
lucky

[Stocksup/]

290k shares, damn that over 22 mil pesos! Someone must like this stock

[eFinanceMarkets]

$MPC Marathon Petroleum (NYSE:MPC) expects U.S. lawmakers to propose changes this spring to the federal Renewable Fuel Standard, executives said today during the company's earnings conference call.

MPC execs offered no specifics about what the company expected but their comments suggested a full repeal.

MPC President Don Templin is "fairly optimistic about the legislative efforts that are ongoing in Washington, D.C., led by Sen. Cornyn and others," and predicts a resolution with "some short-term relief but more importantly has a long-term solution to the RFS, elimination the mandate and allowing our transportation fuels and other transportation fuels to be able to participate in a free market."

The recent bankruptcy filing of Philadelphia Energy Solutions has focused more attention on federal fuel mandates, and EPA chief Scott Pruitt today stressed the need for changes to the RIN program.

[eFinanceMarkets]

Marathon Petroleum +2% on surprise Q1 profit as refining margins rise

Marathon Petroleum (MPC +2%) moves higher after reporting a surprise Q1 profit, as refining margins jump 18% despite challenging market conditions.

While refining operating losses narrowed to $70M in the quarter from $86M a year ago, refining and marketing margins rose 18% to $11.65/bbl, well above a Barclays estimate of $10.30/bbl.

MPC says Q1 refinery direct operating costs rose 16.5% to $9.45/bbl but still came in well below a Jefferies estimate of $10.18/bbl.

Q1 total throughput fell 3.7% to 1.71M bbl/day, but the result edged Barclays' forecast for 1.68M bbl/day, and the company expects to process 1.975M bbl/day in the current quarter, 4.6% higher than a year ago.

MPC also says a special committee expects to complete the ongoing review of Speedway's divestiture by mid-2017.

[eFinanceMarkets]

Goldman picks favorites in oil & gas, refiners
Tweaking a list of favorite energy names alongside a fairly bullish outlook for the future of oil prices, Goldman notes potential "pockets of upside" among major oil & gas companies, and refiners.
Among the top picks: Marathon Petroleum (NYSE:MPC) for "underappreciated value across business lines, Valero Energy (NYSE:VLO) - a "free cash flow winner" and dividend growth potential, Husky Energy (OTCPK:HUSKF) on valuation, and Chevron (NYSE:CVX) thanks to free cash flow, dividend yield, and Permian Basin holdings.
Also making the top pick list is Suncor Energy (NYSE:SU) on hopes for strong growth for new projects, and valuation.
Upgraded to Neutral from Sell after recent underperformance is PBF Energy (NYSE:PBF). Downgraded to Sell from Neutral thanks to a pricey valuation is HollyFrontier (NYSE:HFC).
Previously: Goldman stays bullish on oil (April 5)

[Timothy Smith]

Marathon Petroleum (NYSE:MPC): Q1 EPS of $0.07 may not be comparable to consensus of $0.15.

Revenue of $12.83B (-25.6% Y/Y) misses by $250M.

[OTCdoc]

MPC did well today...so did PSX.....more downward side to oil coming and for many reasons....unfortunately MPC and the like will be pulled down to SOME extent with the sector.....Buying opportunity folks..

[Timothy Smith]

Credit Suisse says Top independent refiner is Marathon Petroleum (NYSE:MPC), the synergy of the company’s recently-acquired Hess retail business  is exceeding plans, and it is confident MPC will continue to benefit from self-help initiatives.

[Timothy Smith]

MPC enjoyed a quick 8% jump when the MPLX/MWE deal was announced, but the firm says the recent decline in the share price implies that “little to no credit is now being given for the deal in MPC’s shares, either because of fears that the deal won’t close or that MPC will have to contribute more cash."

[Timothy Smith]

MPC is well positioned to benefit from market volatility because of its fully integrated systems, the firm says, adding that over the longer term it likes MPC’s refining geographic mix, given its exposure to Mid-Continent and Gulf coast regions.

[Timothy Smith]

Marathon Petroleum (MPC +0.3%) is upgraded to Overweight from Neutral with a $61 price target at J.P. Morgan, which calls MPC "a high quality story, with a favorable business mix of refining/logistics/retail and refining geographic mix."

[Miracleman 1]

Canadian crude hit $22.50 per barrel today. Enbridge (ENB) shut down its Flanagan South and Spearhead pipelines in the US Midwest due to a leak with its 800,000 barrels per day of capacity with no timeline for reopening. WLL is the largest consumer of ENB.

[V63]

I know this is a good stock I own some, but the ask is a penny shy of 200,000.00 I think it's time to sell this baby, 4 million dollars worth. I'm retiring! ;)

[Timothy Smith]

Marathon Petroleum (NYSE:MPC): Q2 EPS of $1.51 misses by $0.25.

Revenue of $20.58B (-23.6% Y/Y) beats by $1.29B.

[Timothy Smith]

Workers at Marathon Petroleum's (NYSE:MPC) Galveston Bay Refinery in Texas will return to work following a more than four-month strike that ended last night when union members ratified a contract with the company.

[Timothy Smith]

For a successful domestic energy program we must hold energy companies accountable and I turn be good stewards as an industry of our environment and communities.

[Timothy Smith]

Members of the United Steelworkers union will vote early next week whether to accept a tentative labor agreement with Marathon Petroleum’s (NYSE:MPC) Galveston Bay refinery and end a strike that began Feb. 1.

[V63]

what was that dip all about? motor fell out! we will be back on the road by tomorrow though!