Replies to post #526 on Marathon Oil Corp (MRO)

[roger wilco]

I really believe the electrification of cars is having an effect on Oil company prices. The Boom days will never return therefore investing in oil as a "forever" strategy is out the window.

Marathon Oil moves higher after Q4 earnings, revenues top forecasts

Feb. 14, 2018 5:57 PM ET|About: Marathon Oil Corporation (MRO)|By: Carl Surran, SA News Editor

~Marathon Oil (NYSE:MRO) +1.5% after-hours as it reports better than expected Q4 earnings and a 23% Y/Y revenue increase to $1.38B, also more than anticipated.

~MRO plans a 2018 capital budget of $2.3B, up slightly vs. $2.2B in 2017, with ~60% to be spent in the Bakken shale and Eagle Ford shale and the remainder in the Permian Basin and in Oklahoma; the company says the budget should maintain breakeven at $50/bbl oil.

~Q4 production rose 4% Q/Q to 383K boe/day, with U.S. resource play production climbing 10% Q/Q to average 249K net boe/day.

~MRO forecasts total 2018 production available for sale will average 390K-410K net boe/day, up 12% Y/Y at the midpoint; annual oil output available for sale is seen increasing 18% at the midpoint, driven by 20%-25% oil growth in the U.S. resource plays.

~MRO expects Q1 U.S. production will average 265K-275K net boe/day, while international output, excluding Libya, averages 105K-115K net boe/day.

[benfrankledger]

Don’t disagree but I really like $MRO here.