Marathon Oil: Consider Selling

Nov. 30, 2022 5:44 PM ETMarathon Oil Corporation (MRO)EOG, DVN, OXY30 Comments
The Asian Investor profile picture
The Asian Investor
17.12K Followers

Summary

  • Falling petroleum prices represent a big free cash flow risk to Marathon Oil.
  • Recently announced acquisition of acreage in Eagle Ford is set to be accretive to free cash flow, however.
  • Investors may want to consider taking some profits in Marathon Oil stock here.

Oil pumpjacks in silhouette at sunset

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Marathon Oil Corporation (NYSE:MRO) recently acquired additional acreage in the Eagle Ford that is materially expanding the company’s production capacity. The oil and gas company expects the transaction to be accretive to FY 2023 free cash flow, and

Source: Marathon Oil

Source: Marathon Oil

Source: Marathon Oil

Source: Marathon Oil

Source: Marathon Oil

Source: Marathon Oil

Source: Marathon Oil

Source: Marathon Oil

Source: Marathon Oil

Source: Marathon Oil

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This article was written by

The Asian Investor profile picture
17.12K Followers
I look for high-risk, high-reward situations. Five largest portfolio holdings: AMD, Micron, Alibaba, Ethereum, PayPal. Early buyer of cryptocurrencies. I live in Thailand :)

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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