Replies to post #632 on Marathon Oil Corp (MRO)

[ForReal]

Given that Covid-19 will have a flu season resurgence this fall

Hopefully "they" will have a vaccine before fall and the paranoia will have subsided. Meanwhile, nfg. goods stockpiles and inventories will have been somewhat depleted and the economic engine will roar back to life. Commodity traders will trade on demand, no matter the stockpile of oil that is in storage. And the petroleum suppliers will play that into increased profits, utilizing the cheap oil they have stored during this time of cheap oil. It's all about the dollars daddy and suppliers and traders will make the most of it.
Just my opinion. But, the "herd" mentality works both ways. Toilet paper is a good example. LOL!!

[totffe]

I sold at 3.40 pre market and plan on waiting for oil to bottom. An analyst said this morning that we will see single digit oil, maybe even negative where oil producers actually pay for storage since it is about max'd out. One of these days this company will be an enormous buy, but if the oil scenario for lower prices is true we could see $2 and a dividend suspension. Hope not for all concerned

[totffe]

I sold at 3.40 pre market and plan on waiting for oil to bottom. An analyst said this morning that we will see single digit oil, maybe even negative where oil producers actually pay for storage since it is about max'd out. One of these days this company will be an enormous buy, but if the oil scenario for lower prices is true we could see $2 and a dividend suspension. Hope not for all concerned