MUR

Murphy Oil Corporation

NYSE

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MUR

Murphy Oil Corporation

NYSE

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johnsyn

10/16/12 2:32 PM

Post #51

Re: #48: @Timothy Smith - Murphy Oil Corporation Announces Plan to Separate U.S.

buybacks, spinoffs, special dividends, what's not to like? You in?

johnsyn

10/16/12 2:31 PM

Post #50

Re: #48: @Timothy Smith - Murphy Oil Corporation Announces Plan to Separate U.S.

The Board of Directors of Murphy also approved a special dividend of $2.50 per share for a total dividend of approximately $500 million. The dividend is payable on December 3, 2012 to holders of record as of November 16, 2012. This is in addition to the dividend of $0.3125 per share previously announced and also payable on December 3, 2012 to holders of record on November 16, 2012.

adeezl

10/16/12 12:32 PM

Post #49

Re: #48: @Timothy Smith - Murphy Oil Corporation Announces Plan to Separate U.S.

Yeah it was a total lock when Dan Loeb bought his bigger stake.

Timothy Smith Free

10/16/12 12:20 PM

Post #48

Re: #47: @adeezl - Nice day Murphy, fortunately I already pulled 20%+

Murphy Oil Corporation Announces Plan to Separate U.S. Downstream Business into Independent Company and Authorization of A $2.50 Per Share Special Dividend And $1 Billion Share Buyback Program

Oct 16, 2012 7:00:00 AM
Copyright Business Wire 2012

EL DORADO, Ark.--(BUSINESS WIRE)-- Murphy Oil Corporation (NYSE:MUR) (“Murphy”) announced that its Board of Directors has approved a plan to spin off to its stockholders its U.S. downstream subsidiary, Murphy Oil USA, Inc. (“Murphy USA”), into an independent and separately traded company, and has also authorized a special dividend of $2.50 per share for a total dividend of approximately $500 million and a share buyback program of up to $1 billion of the company’s shares of common stock. Murphy also reaffirmed the plan to divest the U.K. downstream operations and stated that it is continuing to review possible options with respect to selected assets.

Spin-off to Create Two Distinct Companies

Murphy believes that creating two publicly traded companies would offer a number of advantages:

Each business would focus on its strategic priorities with financial targets that best fit its own market and opportunities;
Each business would be able to allocate resources and deploy capital in a manner consistent with its priorities; and
Investors, both current and prospective, would be able to value the two businesses based on their respective financial characteristics and make investment decisions based on those characteristics.
Murphy USA

Murphy USA will continue to be a flexible, low-price, high volume fuel seller with key strategic relationships and experienced management. Murphy USA’s business will consist of retail marketing of petroleum products and convenience merchandise through a large chain of retail gasoline stations. Additionally, Murphy USA’s assets will include seven product distribution terminals and two ethanol production facilities in North Dakota and Texas.

Murphy

Murphy will become an independent exploration and production company with principal activities focused in the United States, Canada and Malaysia. The Company will continue its exploration program and offshore development projects complemented by predictable growth in its North America onshore businesses primarily in the Eagle Ford Shale and Seal areas. The United Kingdom downstream operations will remain with Murphy until such time as these assets are fully divested.

Spin-off

The spin-off of Murphy USA will be subject to customary conditions, including confirmation of the tax free nature of the transaction and receipt of customary regulatory approvals. The spin-off will be effected through a distribution of the shares of Murphy USA pro rata to all Murphy stockholders as of a record date to be established by Murphy’s Board of Directors. The spin-off of Murphy USA is expected to be finalized in 2013.

Special Dividend and Share Buyback

The Board of Directors of Murphy also approved a special dividend of $2.50 per share for a total dividend of approximately $500 million. The dividend is payable on December 3, 2012 to holders of record as of November 16, 2012. This is in addition to the dividend of $0.3125 per share previously announced and also payable on December 3, 2012 to holders of record on November 16, 2012.

Furthermore, the Board of Directors has authorized a share repurchase program of up to $1 billion of the company’s shares of common stock. Murphy may utilize a number of different methods to effect the repurchases, including but not limited to, open market purchases, accelerated share repurchases and negotiated block purchases, and some of the repurchases may be effected through Rule 10b5-1 plans. The timing and amount of repurchases will depend upon several factors, including market, financing and business conditions, and the repurchases may be discontinued at any time.

“Today’s announcements are consistent with our commitment to creating value for shareholders,” commented Claiborne Deming, Chairman of the Board of Murphy. With regard to the spin-off, he added: “Separating these two businesses will allow each to unlock its own potential for growth. We have built two strong but distinct businesses. Murphy will be a pure-play exploration and production company with strong returns and attractive investment opportunities, while Murphy USA will be a leading retailer with over 1,100 retail gasoline outlets. Given its existing positioning in the market, I am confident that Murphy USA will continue to grow the business and drive shareholder value.”

Steven Cossé, Murphy’s President and Chief Executive Officer, said, “We look forward to these two separate well positioned companies growing and prospering in their respective industries.” Cossé added, “Our strong balance sheet provides the opportunity to enhance value to our shareholders through this special dividend and share repurchase program.”

All investors, analysts, media, employees and the general public are invited to access the Company’s conference call to discuss this announcement on Tuesday, October 16, at 9:00 a.m. CDT either via the Internet through the Investor Relations section of Murphy Oil’s Web site at http://www.murphyoilcorp.com/ir or via telephone by dialing 1-888-378-4350. The telephone reservation number for the call is 8483705. Replays of the call will be available through the same address on Murphy Oil’s Web site, and a recording of the call will be available through October 22 by calling 1-888-203-1112 and using the same reservation number shown above. Audio downloads of the conference will be available on Murphy’s Web site through November 16 and via Thomson StreetEvents for their service subscribers.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future events or results, including Murphy’s plans to separate its U.S. downstream business, to pay a special dividend, to repurchase shares of its common stock and to divest its U.K. downstream operations, are subject to inherent risks and uncertainties. Factors that could cause one or more of the events forecasted in this press release not to occur include, but are not limited to, a failure to obtain necessary regulatory approvals, a failure to obtain assurances of anticipated tax treatment, a deterioration in the business or prospects of Murphy or Murphy USA, adverse developments in Murphy or Murphy USA’s markets, adverse developments in the U.S. or global capital markets, credit markets or economies generally or a failure to execute a sale of the U.K. downstream operations on acceptable terms. Factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements include, but are not limited to, the volatility and level of crude oil and natural gas prices, the level and success rate of our exploration programs, our ability to maintain production rates and replace reserves, political and regulatory instability, and uncontrollable natural hazards. For further discussion of risk factors, see Murphy’s 2011 Annual Report on Form 10-K on file with the U.S. Securities and Exchange Commission. Murphy undertakes no duty to publicly update or revise any forward-looking statements.

Murphy Oil Corporation

INVESTOR CONTACT:

Barry Jeffery, 870-864-6501

or

MEDIA CONTACT:

Brunswick Group

Steve Lipin, 212-333-3810

or

Michael France, 212-333-3810

Source: Murphy Oil Corporation

----------------------------------------------

Murphy Oil Corporation

INVESTOR CONTACT:

Barry Jeffery

870-864-6501

or

MEDIA CONTACT:

Brunswick Group

Steve
Lipin
212-333-3810

or

Michael France
212-333-3810

adeezl

10/16/12 11:37 AM

Post #47

Nice day Murphy, fortunately I already pulled 20%+ since this fill. Folks better be happy it's election year or energy would be a real stinker with temps so high and still forecasted so high.

adeezl

10/08/12 12:09 PM

Post #46

Re: #45: @adeezl - 1/2 gone @58.55 other half holding from 55.32

I was fretting my $59.65 sale as I figured i'd pump a bit more but it didn't hold and will consolidate. No time for that. Goodluck

adeezl

10/03/12 3:45 PM

Post #45

Re: #44: @adeezl - Super Pump from loeb today on MUR.. roll

1/2 gone @58.55 other half holding from 55.32 for $60.10

adeezl

10/03/12 3:27 PM

Post #44

Super Pump from loeb today on MUR.. roll out @ 58.25-60 for me it's a lock in my opinion. I feel it'll progress from there, loeb's got star power on this long.

EDIT - too strong move em back $58.50-60.10

Timothy Smith Free

08/26/12 2:33 PM

Post #43

Re: #38: @Montanore - Wow...that was quite a bargain back around the

$MUR is on my top five Eagle Ford Stock list come let me know what you think.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78933192

Penny Roger$ Free

05/02/12 12:19 AM

Post #42

~ Wednesday! $MUR ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $MUR ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.

http://stockcharts.com/h-sc/ui?s=MUR&p=D&b=3&g=0&id=p88783918276&a=237480049

http://stockcharts.com/h-sc/ui?s=MUR&p=W&b=3&g=0&id=p54550695994

~ Google Finance: http://www.google.com/finance?q=MUR
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=MUR#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=MUR+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=MUR
Finviz: http://finviz.com/quote.ashx?t=MUR
~ BusyStock: http://busystock.com/i.php?s=MUR&v=2

<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=MUR >>>>>>

http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Penny Roger$ Free

05/02/12 12:18 AM

Post #41

Penny Roger$ Free

05/02/12 12:17 AM

Post #40

lol, I love this stuff.. Go $MUR!!

OilStockReport Free

11/08/11 12:33 AM

Post #39

Re: #38: @Montanore - Wow...that was quite a bargain back around the

The entire sector was a steal then the energy price bounces have brought back great returns but I am looking for much more going into 1st quarter. Good time for energy investments.

Montanore

11/08/11 12:30 AM

Post #38

Re: #37: @OilStockReport - Shares of MUR recently traded at $47.14 with

Wow...that was quite a bargain back around the end of September.

...and it still looks very reasonable.

OilStockReport Free

11/07/11 11:33 PM

Post #37

Re: #31: @Montanore - Are YOU ready for HIGHER Oil prices?

Shares of MUR recently traded at $47.14 with a trailing price to earnings of 9.56 and a forward price to earnings of 7.22. MUR has a 2.33% dividend yield and lost 25.51% during the past 12 months.

The stock has a market cap of $9.1 billion and total debt/equity ratio of 0.17. MUR has an estimated growth rate of 15.99% for this year and 13.5% for next five years.

Pickens had $12 million invested in MUR shares at the end of June. Steven Cohen is the largest holder of MUR shares. Cohen reduced his holdings of MUR by 81% during the second quarter and currently he holds a $28.7 million position in this company.

OilStockReport Free

06/16/11 1:25 PM

Post #36

Re: #34: @ChitForBrains - Does today's news gurus even know that Murphy

Here is some info on their Eagle Ford acreage.

Murphy Oil (MUR) has 220000 acres in the Eagle Ford. To date, Murphy has drilled 25 wells. Fifteen are currently in production with 10 waiting to be fracced. It has current gross production of 4000 Bopd and 5 Mmcfpd. Murphy has four rigs in the Eagle Ford and plans to increase this number to eight by year end. It is focusing on Karnes County with two of the four rigs at this location. Murphy states Karnes has an EUR of 580 MBoe/well, and has an estimated value of $12000-$15000/acre. It has one rig in Tilden (Atascosa and McMullen Counties) and Catarina (Dimmit County). Tilden EUR is 580 Mboe/well and has an estimated value of $9000-$12000/acre. Catarina has an EUR of 350/well and estimated value of $10000-$16000/acre. These valuations per acre represent purchases in the Eagle Ford, and to my knowledge do not reflect Marathon's purchase of Hilcorp. Murphy's dedicated frac crew is completing three to five wells per month. Murphy has a significant position in the Eagle Ford, but is not significantly levered. Murphy is a good company with very good prospects going forward, even if the economy slows in the second and third quarter.

OilStockReport Free

06/14/11 8:05 PM

Post #35

Re: #34: @ChitForBrains - Does today's news gurus even know that Murphy

That is a great question...I bet T.Boone does, considering this is one of his favored stocks.

ChitForBrains Free

06/09/11 6:54 PM

Post #34

Does today's news gurus even know that Murphy is an Eagle Ford play?

OilStockReport Free

03/25/11 12:18 PM

Post #33

Thoughts on Murphy Oil's high rating?

4-Star Stocks Poised to Pop: Murphy Oil
By Brian D. Pacampara via The Motley Fool
March 24, 2011

On CAPS, 97% of the 485 members who have rated Murphy believe the stock will outperform the S&P 500 going forward. These bulls include ice23bear and Princepts.

Just last month, ice23bear touched on Murphy as a solid income opportunity: "Good growth, growing dividends with income."

Currently, Murphy even sports a paltry price-to-cash flow of 4.4. That represents a discount to integrated energy giants BP (10.6), Chevron (6.8), and Exxon (8.4).

CAPS member Princepts elaborates on the bull case:

Oil will continue to be humanity's answer for cheap energy as long as it remains that, cheap. That said, oil also has a bulwark of protection versus alternative industries like natural gas because its consumption and availability are deeply ingrained in our society. Change takes time and oil is no exception. Also, [Wal-Mart] uses Murphy for all its statistically cheaper than average gas. Thus consumers are more likely to buy Murphy gas increasing revenue. Consequently, to complement its sound financial standing it remains in an industry viable for profitability.

OilStockReport Free

11/10/10 3:04 PM

Post #32

Re: #31: @Montanore - Are YOU ready for HIGHER Oil prices?

Market is reacting positively to the recent 10q

Third quarter 2010 vs. 2009

United States exploration and production operations reported quarterly earnings of $14.6 million in the third quarter of 2010 compared to earnings of $6.0 million in the 2009 quarter. Earnings improved in the 2010 period due mostly to higher oil and natural gas sales prices. Oil and natural gas production volumes were higher in 2010 primarily due to the Thunder Hawk field, which came on production in the third quarter 2009. But oil and natural gas volume declines at mature fields in the Gulf of Mexico somewhat offset the volumes produced at Thunder Hawk. Depreciation expense was down $13.4 million in 2010 due to lower oil and natural gas production volumes and lower per unit depletion rates in 2010. Exploration expenses in the 2010 period increased $8.0 million from the prior year primarily due to higher seismic acquisition costs and undeveloped leasehold amortization in the Eagle Ford shale area in South Texas.

Operations in Canada had earnings of $39.1 million in the third quarter 2010 compared to earnings of $44.6 million in the 2009 quarter. Canadian earnings decreased in the 2010 quarter mostly due to lower oil sales volumes, higher extraction costs for synthetic operations and higher exploration expense. Oil production decreased in the 2010 period compared to 2009 primarily due to more downtime for maintenance at Syncrude in the current period. Natural gas volumes increased in 2010 mostly due to continued ramp-up of Tupper area production. Production expense was unfavorable in 2010 due primarily to higher maintenance costs during the period for synthetic oil operations at Syncrude. Exploration expenses were $4.5 million higher in the 2010 period primarily due to more leasehold amortization expense for undeveloped oil and gas prospective acreage in Alberta.

Operations in Malaysia reported earnings of $167.6 million in the 2010 third quarter compared to earnings of $156.2 million during the same period in 2009. Earnings rose in 2010 in Malaysia primarily caused by higher crude oil and natural gas sales prices. The 2010 quarter also benefited from higher natural gas sales volumes, which were mostly associated with stronger demand for production from offshore Sarawak gas fields. Oil production was lower in 2010 compared to 2009 due to less production at the Kikeh field, offshore Sabah. Depreciation expense was higher in the 2010 period by $17.3 million due to larger natural gas sales volumes compared to the 2009 quarter.

United Kingdom operations earned $4.9 million in the 2010 quarter compared to $2.1 million in the 2009 quarter. The improvement was primarily due to higher crude oil sales prices in the 2010 quarter compared to 2009. The 2010 quarter also benefited from higher crude oil and natural gas sales volumes and higher realized sales prices for natural gas. Production expense was lower in 2010 than 2009 due to less maintenance costs in the current period, while 2010 depreciation expense exceeded 2009 levels due to higher oil and gas sales volumes.

Operations in Republic of the Congo generated a loss of $20.2 million in the third quarter of 2010 compared to a loss of $11.5 million in the 2009 quarter. The offshore Azurite field commenced oil production in the third quarter of 2009, but the initial oil sale did not occur until quarter four of 2009. Development operations continued at Azurite during 2010 as the Company brought onstream the second producing well during the second quarter of the current year. Due to delays and complications with completing wells, production levels have, thus far, been below Company expectations at the Azurite field. Production levels at Azurite are expected to ramp-up as additional wells are brought onstream. Expenses for production and depreciation relate to crude oil produced and sold at the Azurite field. Exploration expenses in 2010 primarily included 3D seismic acquired over a portion of the MPS and MPN offshore blocks. Exploration expenses in 2009 primarily related to costs for two unsuccessful exploratory wells in the MPS block. Income taxes during the 2010 quarter related to taxes associated with Azurite production volumes.

Other international operations reported a loss of $19.3 million in the third quarter of 2010 compared to a loss of $13.3 million in the 2009 period. The unfavorable variance in the just completed quarter was primarily related to higher 2010 seismic activity costs in Indonesia as well as higher administrative costs associated with exploration activities in this and other foreign jurisdictions.

On a worldwide basis, the Company’s crude oil, condensate and gas liquids prices averaged $65.45 per barrel in the third quarter 2010 compared to $61.13 in the 2009 period. Total hydrocarbon production averaged 181,733 barrels of oil equivalent per day in the 2010 third quarter, a 12% increase from the 162,004 barrels equivalent per day produced in the 2009 quarter. Average crude oil and liquids production was 119,899 barrels per day in the third quarter of 2010 compared to 131,637 barrels per day in the third quarter of 2009, with the decrease primarily attributable to lower oil production at the Kikeh field, offshore Sabah, Malaysia. Crude oil production in the heavy oil area in Canada was lower in 2010 mostly due to less production in the Seal area caused by a higher royalty rate. Synthetic oil production was lower in the 2010 quarter than 2009 due to lower gross production at Syncrude caused by more downtime for maintenance. North American natural gas sales prices averaged $4.24 per thousand cubic feet (MCF) in the 2010 third quarter compared to $3.01 per MCF in the same quarter of 2009. Natural gas produced in 2010 offshore Sarawak Malaysia was sold at $5.71 per MCF compared to an average of $3.31 per MCF during the 2009 third quarter. Natural gas sales volumes averaged 371 million cubic feet per day in the third quarter 2010, more than double the 182 million cubic feet per day of sales in the 2009 quarter. The significant increase in natural gas sales volumes in 2010 was primarily due to natural gas produced in 2010 offshore Sarawak Malaysia from fields that came on stream in September 2009 and were ramping up over the balance of 2009 and into 2010. Additionally, more natural gas was sold from the Kikeh field to meet third party demand during 2010, and natural gas production increased at Tupper in Western Canada as development of the field continued.

Montanore

12/06/08 5:24 PM

Post #31

Are YOU ready for HIGHER Oil prices?

The US and the rest of the WORLD are in for a Change on how the Real Value for Commodities are priced.

OPEC along with Saudi Arabia, China, Iran and Russia are set to break away from the US dollar.

Many feel that the US is now Bankrupt and unable to meet their fiscal responsibilities. The US has turned their Currency into worthless paper while their printing presses have been running 24/7.

They the "US" continue to manipulate the price of ALL products and services through unregulated corrupt markets that have no oversight and has caused the rest of the world much hardship by their corrupt ways.

But the WORLD is in for a major shake-up at the turn of the New Year. OPEC along with the support of Asia and Russia are planning on introducing a NEW Currency of their own. The New Currency is planned at the beginning of the New Year.

There will NO LONGER be a world where you can trade worthless paper for OIL. There will be a New Currency backed by Gold starting January of 2009. There are efforts to end the Manipulation of the US Gold COMEX markets for December 2008. The plan is to put a STOP to the Corrupt ways that the US has supported for years. The time is near for when the US will NO LONGER be able to Live the Good Life at the Expense of the Rest of the World and start EARNING for themselves.

A New DAY is on the WAY!

http://www.ireport.com/docs/DOC-157714

Montanore

12/02/08 3:02 PM

Post #30

Cramer says oil won't go below $40. We'll see.

Oil manipulators are proving that they control the oil price--not the Saudis. They're punishing the middle east, Iran and Russia right now.

MUR will be a good buy. Eventually.

Montanore

10/23/08 3:30 AM

Post #29

$50 oil coming. MUR will be near $30. That's the time to buy. JMHO

Montanore

10/15/08 1:36 PM

Post #28

Falling knife mode. Will oil go back to $50 bbl? Not likely--the Russians and OPEC couldn't tolerate that. Will MUR go back to $40? Very likely at this point. There's a buying opportunity coming up this year!

Montanore

10/14/08 11:48 PM

Post #27

A lot of oils are getting cheap here. MUR trading at only 7x earnings.

Murphy Oil Announces Dividend
Tuesday September 30, 8:27 am ET

EL DORADO, Ark.--(BUSINESS WIRE)--The Board of Directors of Murphy Oil Corporation (NYSE: MUR - News) today declared a quarterly dividend on the Common Stock of Murphy Oil Corporation of $.25 per share, or $1.00 per share on an annualized basis. The dividend is payable December 1, 2008 to holders of record November 14, 2008.

Montanore

10/14/08 11:40 PM

Post #26

I might as well add JPM downgraded MUR from underweight to neutral. If oil hits $70 bbl, this will probably see the low $40s.

Montanore

10/14/08 11:35 PM

Post #25

Here's the downgrade from Goldman Sachs (Our new 4th branch of government).

(GS analyst) Arjun Murti also downgraded Marathon Oil (MRO.N: Quote, Profile, Research, Stock Buzz) and Murphy Oil (MUR.N: Quote, Profile, Research, Stock Buzz) to "neutral" from "buy," and added Petro-Canada (PCA.TO: Quote, Profile, Research, Stock Buzz) to the Americas sell list. (Reporting by Aftab Ahmed in Bangalore; Editing by Amitha Rajan)

Montanore

10/14/08 11:30 PM

Post #24

It's been quite a collapse for Murphy, but at least it got upgraded. There was a $10 price swing today, too.

Very volatile markets--especially oil!

Montanore

07/30/08 8:44 PM

Post #22

Re: #21: @frenchee - Concur.

Blow out earnings--MUR is back up into the $80s AH today.

NEW YORK, July 30 (Reuters) - Oil producer and refiner Murphy Oil Corp said on Wednesday that its second-quarter profit more than doubled, beating Wall Street expectations on U.S. oil prices that hit record levels during the period.

Net income in the quarter rose to $627 million, or $3.27 a share, from $250.3 million, or $1.32 a share, last year.

Excluding a 35 cent gain from a sale, the company posted earnings of $2.92 a share. Analysts, on average, had expected the company to earn $2.19 a share in the quarter.

U.S. oil prices averaged slightly less than $125 a barrel in the quarter, nearly double prices from a year earlier. Gasoline prices rose only 25 percent during that same period, resulting in weak profit margins for the fuel.

Income from the company's exploration and production business nearly quadrupled to $585 million from $149.3 million last year, while income from its refining and marketing business fell 38 percent to $77.3 million.

The company said it expects third quarter earnings between $2.80 and $3.10 a share. That compares with an average analyst estimate of $2.78 a share.

Revenue in the second quarter jumped more than 80 percent to $8.36 billion.

frenchee

07/27/08 8:53 PM

Post #21

Re: #20: @Montanore - Way, way oversold here. Due for a nice

Concur.

A short-term buy signal will trigger with a decisive close > 5-day price EMA.

Montanore

07/25/08 1:38 PM

Post #20

Way, way oversold here. Due for a nice bounce. JMHO.

Montanore

07/02/08 4:39 PM

Post #19

A six buck drop from it's intraday all-time historic high. I guess folks crowded the exits before earnings.

Tina

05/20/08 3:41 PM

Post #18

Re: #17: @frenchee - Any you thought is was great on hardwood

lol wow frenchee you did good with this one :)

shiny for sure :)

frenchee

05/20/08 3:40 PM

Post #17

Re: #2: @Tina - stuff works great on hardwood floors =)

Any you thought is was great on hardwood floors =) Check out recent PPS...

Montanore

05/20/08 3:28 PM

Post #16

Another 52-week high. Another split soon?

Murphy Oil (MUR) is a worldwide oil and gas exploration and production company. The company is headquartered in El Dorado, Ark. In the U.S., Murphy produces oil and natural gas from six fields operated by the company and three operated by others. Murphy also conducts exploration and production operations in Canada, Malaysia, Ecuador and the U.K.

Murphy Oil has been rated a buy since March 2003. Strengths include healthy growth in net income and revenue, solid stock performance and impressive EPS growth. For the fourth quarter, the company reported year-over-year revenue growth of 91%, and a tremendous increase in net income. The growth in net income was driven by higher crude oil prices and sales volume, while higher natural gas prices and an increase in the average daily production of natural gas and crude oil contributed to the improved revenue. The company reported significant EPS growth to $2.14 from 58 cents a year ago, continuing its pattern of positive EPS growth over the past two years. Shares have surged 47% over the past year.

It is important to remember that any unexpected sharp downturn in oil and gas prices could negatively affect Murphy Oil's earnings. In addition, oil prices, which are highly volatile and cyclical in nature, are trading at record levels and could be vulnerable to weaker economic conditions. High prices may also create heightened demand for low-cost alternatives and could thus hurt overall demand for oil and gas products.

Montanore

04/14/08 9:05 PM

Post #15

Still yet another all-time high. What a great stock to own long term!

Tina

04/06/08 6:37 PM

Post #14

Re: #13: @frenchee - works great for the bank account as well... ;)

haha frenchee, that post is almost 2 yrs old!

but you did well on this one in that time :)

frenchee

04/06/08 6:27 PM

Post #13

Re: #2: @Tina - stuff works great on hardwood floors =)

works great for the bank account as well... ;)

frenchee

02/12/08 12:22 PM

Post #12

Murphy Oil Declares Dividend

EL DORADO, Ark.--(BUSINESS WIRE)--February 06, 2008-- The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly dividend on the Common Stock of Murphy Oil Corporation of $.1875 per share, or $.75 per share on an annualized basis. The dividend is payable March 3, 2008 to holders of record February 19, 2008.

frenchee

02/11/08 10:06 PM

Post #11

Re: #10: @Rocky Sinclair - Thanks again for the reply frenchee! Yea

I'm liking the solar stocks and ZRAN now. Check em out...

#board-11148
#board-2335

Rocky Sinclair Free

02/11/08 10:03 PM

Post #10

Re: #9: @frenchee - Hello RC,

Thanks again for the reply frenchee! Yea I see $67.5 being a major support level in the near term which is right at that lower bb. This is definately not one of the gorilla trades that I'm jumping into. There's alot of other picks at the moment that are much more promising, despite the fact that mur looks to be trending lower.

thanks again bud

frenchee

02/07/08 10:52 PM

Post #9

Re: #7: @Rocky Sinclair - Time to go Short?

Hello RC,

I don't see a 17 point move to the downside on the weekly charts. The next intermediate-term target is the lower Bollinger Band around the upper support trend line. In addition, there appears to be significant price support around 65.

Rocky Sinclair Free

02/07/08 9:52 PM

Post #7

Time to go Short?
I'm still waiting for confirmation, but MUR came up as a gorilla trade short and confirmed today on price and volume. I'm reluctant to jump on this one because the sector is so bullish. Potential is a 17 point move to the downside. Any thoughts?

frenchee

12/16/07 12:18 AM

Post #6

Re: #5: @frenchee - Where Cash Is Yielding Big Time

US Energy Bill Good For Biofuels; Refiners, Automakers Hit

DOW JONES NEWSWIRES
December 14, 2007 5:00 p.m.

By Ian Talley
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--Biofuel companies are clear winners in the major energy bill the U.S. Senate passed late Thursday, while the auto industry and refiners will be required to invest billions of dollars to meet new federal standards.

The new energy legislation sets a rising mandate for renewable energy up to 36 billion gallons a year by 2022 and establishes higher fuel economy standards for passenger cars and light trucks for the first time in more than three decades. Cars and light trucks - minivans and sport utility vehicles - will have to average 35 miles per gallon by 2020, a 40% increase from current levels.

House Speaker Nancy Pelosi, D-Calif., said Thursday the chamber would pass the bill next week; the White House said President George W. Bush would sign the bill into law.

Biofuels stocks jumped on the news, particularly two of the largest ethanol producers. VeraSun Energy Corp. (VSE) rose 6% Friday and Archer Daniels Midland Co. (ADM) was up 2%. The Senate passed the bill after the markets closed Thursday.

"Absolutely, this will give a boost to the industry," said Matt Hartwig, a spokesman for the Renewable Fuels Association.

Renewable energy companies specializing in wind turbines, such as Vestas Wind Systems (VWSYF), or solar cells, such as Renewable Energy Corp. (REC.OS), will likely bemoan the loss of extended production and investment tax credits from the bill. This sector also lost out, since lawmakers failed to include requirements that utilities produce up to 15% of electricity from renewable sources by 2020.

Southern Co. (SO) and American Electric Power Co. (AEP) - both of which have powerplants in the U.S. Southeast - lobbied hard against the renewable electricity standard. These companies didn't want to make the costly investments in states that naturally lack significant solar or wind generation capacity.

But many analysts believe there's enough political momentum within the Democratic-controlled Congress to insert the renewable tax credits - many of which expire at the end of 2008 - into other legislation in the new year. Also, key proponents of the renewable energy mandate have vowed to bring up the bill in the next Congress.

Both major, integrated oil companies such as ExxonMobil Corp. (XOM) and Chevron Corp. (CVX) and independents such Apache Corp. (APA) and Murphy Oil Corp. (MUR) can also claim a victory. Their strong lobbying effort motivated Republican senators to block the revenue-raising items that could have cost the large oil companies more than $13 billion over the next 10 years.

But under the renewable fuel mandate, refiners such as Tesoro Corp. (TSO) and Motiva Enterprises LLC will have to make billion-dollar investments to make sure a growing percentage of their output is blended with ethanol. They also may have to pay a fee for every gallon of advanced biofuel under the mandate that isn't produced.

"We're going to have to make investments now to get ready to be able to deliver the blend stock required...throughout the nation," said Charlie Drevna, president of the National Petrochemical and Refiners Association.

He said many refiners feared that uncertain production of biofuels in the years ahead - in the case of drought, or if planned advanced biofuel technologies didn't deliver - would mean multi-billion-dollar investments would leave stranded assets.

The auto industry will also be required to make multi-billion-dollar investments in retooling their manufacturing plants to build more fuel-efficient cars and light trucks.

In the long run, however, some experts believe the U.S. carmakers could see profits rise more than their Asian competitors as a result of the new fuel efficiency standards.

According to Walter McManus, director of the Automotive Analysis Division at the University of Michigan's Transportation Research Institute, Ford Motor Co. (F) and General Motors Corp. (GM) could see their profits rise between $4 billion and $5.5 billion over the next decade, compared to Honda Motor Co.'s (HMC) $1.3 billion and Toyota Motor Corp.'s (TM) $2.2 billion in the same period.

"With product portfolios that are more concentrated in vehicle segments with lower fuel economy and higher prices (SUVs and pickups), Detroit automakers will be making improvements that have higher market value and higher profit margins," McManus said in a recent report.

frenchee

10/27/07 10:22 AM

Post #5

Re: #2: @Tina - stuff works great on hardwood floors =)

Where Cash Is Yielding Big Time
Susan Byrne, Chairman and Chief Investment Officer, Westwood Holdings Group
By SANDRA WARD

IN THE MORE THAN 35 YEARS SHE has surveyed the investing scene, Susan Byrne has displayed an uncommon ability to identify emerging themes and pick the stocks that would benefit the most from them. For almost 25 of those years, she has been at the helm of Dallas-based Westwood Holdings Group, which now boasts $7.7 billion in assets and the WHG family of funds. Performance in her flagship large-cap value fund is up about 14% this year, and for the past five years it has delivered 16.3% a year on average. We'll let her explain why she now likes software companies and has been reducing exposure to Big Oil.

Barron's: The themes that you have been sounding the past few years -- big U.S. multinationals benefiting from globalization and the emerging world -- have all come to pass.

Byrne: I keep wanting to find the next new thing because I'm afraid that because we were early on many of these industrials and basic-material companies they are probably very overvalued. Then we look at them and they are not. So I'm kind of in a quandary in that sense. We've got 4½% rates and we are going to be down near 4% in Fed funds and they are at 15-16 times earnings. The larger mega-cap names are trading in line with the overall market, about 16-18 times earnings. Compare that to 1987, when we had about a 10% interest rate and stocks were trading at about 20 times, or 2000, when we had lower rates but P/Es of 25-26. We take our market views and apply various inflation assumptions or interest-rate assumptions and we find we are not in a period of excess.

So the trend continues.

I thought Jim Paulsen [chief investment strategist of Wells Fargo's Wells Capital Management], had a provocative idea in that there could be a renaissance in U.S. manufacturing. People assume that everything we import is sold at Wal-Mart. But a lot of what we import is fabricated manufacturing that is then put together here with more highly skilled workers. It is not so much manufacturing in the traditional sense but the assemblage of different parts that are then shipped from here. What has benefited the market and is still benefiting the market is that these are American-based multinationals that pay taxes, report their earnings and pay their dividends in dollars here, whether their product ever was here or not. And, obviously, the return on invested capital outside the United States is very, very high.

Susan Byrne
From a quality-control standpoint, companies prefer to keep the value-added part of their business here rather than transferring the technology overseas. That affects what might look like a turn-up in manufacturing jobs. Now with the dollar down, it also pays for other companies to be here and be closer to customers and it may also be cheaper for them to make and ship products from here.

You're not concerned about the credit crunch?

There is a lot of debt around. But that debt is not in the major companies. I'm not surprised the market is moving to large-cap growth companies. That is the equity market's way of saying, "We may be in a credit crunch, so I want the companies that can always get the money."

This period of cheap credit went on for so long, let's say five to seven years; there has been a generational bias that credit for everybody is cheap and there has been no penalty for riskier balance sheets. What we are going through right now is an adjustment period and a return to more normal risk perceptions.

In a more normal period where credit counts, the larger, more liquid and more highly ranked companies in the equity market will do better, and the market is rotating that way.

Will the subprime mess lead to a recession?

Right now, we think no, because it appears the policymakers are going to provide for a workout. It could take two years to work out, and the economy could stay slow during that time. But unemployment isn't a particular problem, and for that reason we probably will escape a recession.

What kind of a shape do you see the consumer in?

I don't think they are in such bad shape. Everybody has credit-card bills, but people are working and they are getting raises and they are cautious. There are going to be people who, say, speculated on condos, who will get hurt on an individual basis. But by and large people are working. This is not an environment where the consumer just falls over dead. Taking money out of houses for little extras is over, but that's not a recession, that's a recession in the housing market.

What about the oil price?

We've been involved in the oil trade for a long time, and we are not overweight oil anymore. We are shifting our emphasis to natural-gas companies. Our big overweight now, and I hesitate to say it because everybody else is saying it too, is in technology. The Russell 1000 index only has 3% or 4% in technology, but we have about 15% or 16% in technology.

Why the shift on energy? Prices are higher than you thought they would be, so do you still think they're heading lower?

I don't really know. I feel very humbled by it. The market appears to be out of whack. The price of oil is over $80 a barrel and gasoline is really not moving, and so that means the integrated oil companies, the refiners, must be getting killed.

Something is amiss. I don't understand it. I'm sensing that in the large-cap integrated oil companies, there may be some earnings disappointments, because they are getting upside-down on refining. There is nothing wrong with them fundamentally. It is a good business. It is a great cash-flow business.

We favor the smaller speciality companies, like Murphy Oil [ticker: MUR], which will benefit more from its exploration and production activities. Murphy is just bringing on production in Malaysia that they found about six years ago, and it is a huge field.

Let's move on to technology. Where are you focused?

Finding free-cash-flow yield is a big part of our stock-picking process, and we were finding really low valuations based on that in a number of mostly software companies. Whether it is Oracle [ORCL], or Cisco Systems [CSCO], even Microsoft [MSFT] and Accenture [ACN], they are all selling with nice cash margins. That is not that unusual for software companies that are doing well. But what is intriguing is that their free-cash-flow yields were very high, and it meant the market was not valuing very highly their ability to generate this cash.

When we got involved with these companies, we were looking at free-cash-flow yields of 7%-8%, which is very, very attractive.

Are you confident they can show top-line growth?

Growth on the top line is modest. But with these companies, any small growth translates immediately into an increase in free cash flow. Cisco is selling at maybe 18 times earnings and is growing earnings in excess of 25% and has said they don't see any problem in continuing to do that. They are selling at a nearly 6% free-cash-flow yield with a free-cash-flow margin of 25%. So if 25 cents of every dollar is going to cash, that's an extremely profitable cash margin, which they will use and have used to very aggressively buy in stock and be in a position to grow their business as opposed to having to borrow money to expand.

How about Oracle?

Oracle is cheaper. But there will probably always be a P/E difference between Cisco and Oracle because of the personality trade-off between Cisco CEO John Chambers and Oracle's Larry Ellison.

Oracle is selling at 16 times '08 earnings on expected earnings growth of 15% to 18%, and has a free-cash-flow yield of over 7%, which is pretty amazing, and a free-cash-flow margin of almost 40%. That's very cheap. It is also pretty weird that you can buy Microsoft for 16 times earnings and get a free-cash-flow yield of almost 7% and a free-cash-flow margin of 30%.

Who cares when you can own Apple and Google?

We owned Apple [AAPL] at about a split-adjusted $9 a share in 2001. We sold after it went up about four times. Now, it is up about 20 times and it is too good of a story for us to own. In our trust company, after we sold Apple, our growth manager bought it so our customers on the trust side haven't missed out.

The market is all about these growth names now. They are not our names, whether it is Research In Motion [RIMM] or Google [GOOG] or Apple, but we have been able to stay ahead of the market by picking good stocks that appear to be undervalued.

Are you dabbling in the housing stocks?

Oh no. I definitely have to see the whites of their eyes. As one mentor of mine, Charlie O'Hay, told me early on, it is easier to pick the anvil up off the ground than it is to catch it in mid air. I can afford to wait and see what happens.

Nothing else appeals to you besides technology?

Not right now.

No new place to put your money ?

The problem is that the valuations of the companies we own are much too cheap to sell. They are generating so much cash. So if we are going into a period of time where access to cash and pristine balance sheets and generation of cash flow and all those things are important, you wouldn't sell these. It is very difficult to imagine that the safest stocks to own in a U.S. slowdown are the international stocks.

Were you surprised by Caterpillar's results and its remarks about a possible U.S. recession?

No. We don't own Caterpillar [CAT], but Caterpillar, unlike a lot of big industrial companies that are more diversified, has more exposure domestically. And they have a history of having had some execution problems with their costs. Companies like Lockheed Martin [LMT] and United Technologies [UTX] and Textron [TXT] and ITT [ITT] are companies with a number of different divisions that are critical to some of the fastest-growing areas, whether it's helicopters for offshore oil platforms or water-treatment systems, and the growth in them will offset any slowdown here.

Have you done your annual portfolio reviews and come up with a 2008 outlook?

Yes. We just finished it. Our operative scenario is that there is a 55% probability that the reflating of global rates serves as a catalyst for lower liquidity, slower growth, and an increase in risk premiums. U.S. growth slows from 2007's pace and continues below its potential through 2008, thereby elevating pressure on resource utilization rates and allowing inflation to continue to recede. Housing remains a headwind for the domestic economy but does not cause a recession, and excess inventory is slowly reduced. Unemployment drifts higher as firms focus on reducing costs. Capex [capital expenditures] remains a source of strength. The Fed cuts rates to 4½%. In that scenario, we get a market that is 15%-18% undervalued.

We don't do this exercise to be right; we do it to assess risk. There is a 25% probability, we call it our gloom-and-doom scenario, that losses from housing and real estate accelerate, putting additional pressure on the U.S. economy and the global financial system. The U.S. enters a recession as job losses surge, resulting in massive credit losses in all consumer-related areas. All lending is sharply curtailed as financial institutions struggle with impaired balance sheets. The global economy slows sharply as exports to the U.S. fall and foreign investors realize significant losses on U.S. investments.

In this scenario, the Fed aggressively cuts rates to 1½% on the Fed-funds rate and 3% on the 30-year. There is a collapse in commodity prices. In that environment, our highest investment return would obviously be in long bonds, where we would see a 30%-plus return in contrast to a negative 18%-to-22% one-year return in the equity market.

Any other scenarios in between?

There is a 15% probability -- and two weeks ago it was the prevailing notion -- that despite domestic troubles, demand would remain the same outside and exports would be strong. A weaker dollar results in significantly higher import prices, which along with persistently high commodity prices pushes inflation higher. So we have high interest rates, Fed funds are high, inflation is high, but materials still continue to do well.

What's the best-case scenario?

We have a 5% probability that everything is just wonderful. Somebody always has to remind us this is a possibility. But in that scenario, interest rates move up very sharply and Fed funds have to be moved up to 7%, because we never slowed down, and the return on stocks is zero to 5% because we assume a contraction in the P/E because of interest rates and inflation.

Some kind of wonderful. Thanks, Susan.

Montanore

09/24/07 4:14 PM

Post #4

Murphy is quietly making 52-week highs. I've held this for years and it just keeps going higher. Shhhhhh!

sublime

09/17/06 7:45 AM

Post #3

Re: #2: @Tina - stuff works great on hardwood floors =)

LOL!! that's why i clicked on it too :) great for planks..lol

Tina

09/15/06 12:35 PM

Post #2

stuff works great on hardwood floors =)

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Murphy Oil Corporation (MUR)

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This board is for fundamental and technical discussion about Murphy Oil Corporation, MUR.

Murphy Oil Corporation (Murphy) is a global oil and gas exploration, and production company with refining and marketing operations in North America and the United Kingdom. The Company's operations are classified into two business activities: Exploration and Production, and Refining and Marketing. Murphy's exploration and production activities are subdivided into six geographic segments, including the United States, Canada, the United Kingdom, Ecuador, Malaysia and all other countries. Its refining and marketing activities are subdivided into geographic segments for North America and United Kingdom. The Company's exploration and production business explores for and produces crude oil, natural gas and natural gas liquids worldwide. Murphy's refining and marketing businesses primarily consist of operations that refine crude oil and other feedstocks into petroleum products, and transport and market petroleum products. 200 Peach Street P.O. Box 7000 El Dorado, AR 71731-7000 (870) 862-6411 (870) 864-6371 dstiles@murphyoilcorp.com http://www.murphyoilcorp.com Daily One-Year Charts Weekly Five-Year Charts