Murphy Oil (MUR +0.7%) is initiated with a Buy rating and $71 price target at Brean Murray. This...

|About: Murphy Oil Corporation (MUR)|By:, SA News Editor

Murphy Oil (MUR +0.7%) is initiated with a Buy rating and $71 price target at Brean Murray. This year looks to be catalyst-laden, the firm says, with MUR's possible downstream segment spinoff expected midyear, a 12-15 well international exploration program, and oily production growth from ramping activity in its North American resource plays.