Murphy Oil (MUR -0.4%) plans to file final paperwork with the SEC next week in hopes of...

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

Murphy Oil (MUR -0.4%) plans to file final paperwork with the SEC next week in hopes of receiving approval to spin off its entire U.S. retail division, and will seek a favorable IRS ruling for the spinoff as a tax-free transaction. Also, MUR changes its mind and says it will not sell its 5% stake in Alberta's Syncrude oil sands project and its shale gas properties in western Canada.