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

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.
Comments (1)
  • freeman8201
    , contributor
    Comments (769) | Send Message
     
    What's it going to do with its sand oil?
    2 May 2013, 04:24 PM Reply Like
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