Although the offer was good we believe it will be more valuable to a competitor in same area. Now we do the dance ever so carefully so as not to appear desperate but possibly willing to part with our Eagleford assets. All employees supporting it that are willing will go with it if possible.
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Don't worry. They upstream side of the business is a safe place during these secure times. Just ask at the unemployment offices in Wyoming, Oklahoma, Texas, etc. If it can be sold, it will. Yes Marathon will keep it's employees safe and secure, yes they will, only if you know someone and/or a relative. Investors want their money, not dump it down the MOC well bore.
Downstream? We have no downstream anymore! We are a 100% upstream company now! If we sell our Eagleford assets then we would either rebuild them or ramp up elsewhere. At this time Eagleford is the only assets in demand.
No fear as all assets are up for sale. Heck, the company is for sale for the right price. I wouldn't worry though since "premiere leadership" is lacking to make it happen. Stock price will plummet when they don't meet their sales quota as promised.
We are not going to sell EF to venture into downstream. You guys are speculating too much. EF is what MRO stands on and the risk of starting a downstream business is incredibly high. People should stick to facts on here and stop making things up to spread fear.
Um... What downstream side of the business? That was spun off in 2011.
Is it a major or mid major interested?
The sale of the asset will generate income that will be used to enhance the downstream side of the business. This is a stable asset that will generate a profit which will be used to keep MRO moving forward. The upstream asset has always been a "hit and miss" business.