There is some rumors that MRO has received a good offer for it's shale assets and leases! This looks like the only assets we have that anyone wants! If they sell will the employee supporting them go with them ?
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No-one is stupid enough to buy the whole company when they can buy unencumbered assets at fire sale prices.
Any interested company is going to wait for a "fire sale" - when the price is ridiculously low. It's not about "saving" Marathon, it's about assets being priced low enough to attract a buyer who, no doubt, only sees what's left of Marathon as something to be dealt with after acquisition (i.e., you may make it through the initial merger but then be let go once the two companies are fully integrated).
That would pay off debt and keep the company from failing! We would just have to start over and do it again! We know the area better than most companies!
Sell biggest asset?
The word is that there a very good offer for EAGLEFORD assets. Not sure about how much or when. Maybe someone else can fill us in on those details. Typically office staff are reassigned or let go and field staff goes with the asset.