Questioning Maryann Mannen’s M&A experience / strength. There were rumors of a large Gulf Coast refinery acquisition that never materialized. Then leaked merger talks with P66 that fell short. These events happened when crack spreads were in the high teens and low $20’s. Imagine how either one could have further energized MPC’s share price now that crack spreads are running $60-&70. Any thoughts on possible missed opportunities by our CEO?
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Oh, color me shocked! A DEI figurehead who has underwhelming real world performance... I would have never thought I'd see the day.
/S
Did this poster read the entire original poster? I think not. The potential acquisitions and mergers were underway when crack spreads were much lower that today.
@OP high crack spreads = higher cost of asset
which probably knocked out the ROI out of range