Layoffs are done!! I meant it’s not October 2, but I’m pretty sure they aren’t doing a mass lay-off I’m the next two days so... we made it!!!
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Let this sink in: share price means absolutely nothing. EV and Market Cap are what matters. MRO can conduct a 100-1 reverse split tomorrow and the shares you own will be worth the exact same total amount, but will be worth $400 a share.
Marathon consistently staying below $5 for a period of time means it is considered a penny stock, and many funds have rules against holding penny stocks, putting more pressure on the stock, and more risk for the company. It is currently the lowest priced E&P company with over $1B market cap. Let that sink in for a minute.
Get real. Oil less the $40/bbl we are all at risk.