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Any guesses as to what small morsel embedded within the earnings report will make this thing tank tomorrow??
The chart on this one is abysmal. Nothing looks good here. Should keep free falling.
The Market does not seem convinced...funny thing is the Market was more convinced when the Company was doing crappy. Now its like "ho hum, I dare you to do even better and we might invest.".."but if one t is not dotted we are out". If oil is down a few cents "we are out"..."in fact we are just plain out"
Looks like that “ride” is a downhill one. Down $1 on big earnings beat. Did you read all the fine print? There’s some small detail they didn’t like for the high volume sell off.
Still sensitive to the price of oil tho.
Never mind.. I see they adjusted. Yes, they beat!
I see a loss of .3 and lower revs. This is not good they missed by 5 cents
Falling under $6 is what this stock does with every spike. Sorry about the original recommendation.
This poor stock has turned out to be one of the greatest disappointments. The current diluting instead of a buy-back, plus any interest rate whisper...and yes even more debt have just killed any hope for the "common" shareholder. Communication is beyond poor. At this point one could only hope for a takeover (which seems like what they want) or just go private, but to many outstanding notes. What a mess!!
This stock wanted so badly to be RED today.. but Libya got in the way.
Back to 14's today.
You are thinking MPC Marathon Petro....this is the crappy cousin MRO...the only "40" it see's is Olde English Malt Liquor
I think you have the wrong Marathon in mind.
This stock absolutely hates $15! It is repulsed by $15...any time it sniffs $15 it falls back almost immediately.
Well...we may try to scratch $7 now..
Tough nut to crack on this one...based on current oil price and cost cutting..and barring any quick, stupid corporate moves...I'm actually a bit Bullish here and now. Big mood swings though..it love to fall at an oil downturn...but slow to rise on the spikes.
This really wants to sink to the 13s today..but the Forbes pump is only letting it fall a little.
It’s all oil price.. the really of glut is settling in.. back below $50....$40?
This dog is melting down fast!! Back below $10 ??
More bad news coming on 3Q. Spike early last week because of interest rate news...tanked by the end of the week because of reality. Probably blame weather...not spending and debt.
Yeah, probably a good move. Not a trade-able stock by any means. I'm sure now the hurricane will make them miss the number at year's end. Should be a rough quarter.
Don't forget the Houston property will now drag this down for the rest of the year!!
RW- I couldn't respond privately. Don't look for anything quick on this stock. In fact near term looks rough. Lots of debt and getting more. They seem to buy everything in sight. Decent dividend if you own enough. I wouldn't buy yet may dip more. No one seems to care about RevPar. Earnings miss most of the time. By the time things improve...the economy will probably tank and these tank with it. Sorry I'm a bit negative right now.
My crystal ball is just fine thank you. We are in the $10 range and frankly have no catalyst for any real growth. It's just about survival now with these oil plays. So maybe/probably years down the road it will get back to $15 or so..but the sentiment is so bad and there are no earnings in the near future.. throw in a dash of termoil and now you've potentially got a $6-7 stock.
You have to hold you are down too much..we hit 10s now you have to gut out 8s..maybe 6-7s
Analysts have been so wrong on this, as well as all energy stocks. Any forecast above $10 is out to lunch.
This thing is dying quickly! Too much debt for a buyout. Sorry guys but a $5-6 resting place is where this is going. Especially with production cuts, no future off rising oil prices and enormous debt.
I totally agree, more down-grades are happening now. There are big issues I think besides tanking oil prices.
If you recouped a little.. You lost a lot. Extremely Bearish here. All signals down. More downgrades in the next 2 weeks.
Downgrades and lower targets coming soon.
No matter how perfect this company looks..someone is always thinking up reasons on why we shouldn't buy it.
Missed EPS by .13 in Q1. They really need to start guiding lower.
I'm thinking $13s by this afternoon.
Not to mention 1Q earnings are going to be pretty brutal...less production, more costs, also, they are blaming the weather...that's never good, when you gotta blame the weather...you are an oil company.
I'm really not sure why you think that?? The chart on this is bearish right through long term...and that article from Argus may have ben thinking Marathon Petroleum which is already in the $40s. Anything outside of a $15-$17 price target is way off course. Oil should remain low and earnings are still in negative territory.
This may fall to PennyLand..there's a major problem other than making nowhere near forecast EPS>
The article is from last December...a lot has happened since then...oil is only going down
I'm not sure what you've been looking at , but MRO is entrenched in Bear territory. Oil has gone up nearly $8 in the past few weeks and this dog still tanks. Bad news in coming earnings report is being baked in right now, then oil probably wont sustain $53..i just don't see what you guys see here.
This company needs to update what it's doing or issue some sort of presser. The last news is a "strong sell" from Zacks ? So basically they are agreeing that they are a strong sell? I also notice they always talk about how "well managed" and what a great "undervalued" company they are...but it seems like they ALWAYS miss guidance, and always have an excuse or blame..ie.. hurricanes or some other unforeseen excuse. Guide lower for heaven sakes!!! Your stock does nothing but tank by midday 8/10 days and we hear of them trying to prop up the price, but to no avail.
....and ..there go the buyers, I think we short until at least 4.58