Websites are reporting MRO is bidding on roughly 42,000 acres in west Texas. How could MRO possibly afford a $2billion dollar acquisition?
7 replies (most recent on top)
Hell, yes, we were looking at it. Lee Tillman is always running around looking to pick over the left overs. There is NOTHING orginal going on in MRO.
Also, be sure to sell your stock, if you're dumb enough to have kept any, before earnings announcement, because immediately after the analysts listen to our race car driver talk in his shrill little voice, the stock ALWAYS tanks. Someone needs to convince Lee to let someone else, anyone else, make that quarterly call to the analysts.
I heard this deal has been shot down already by MRO.
Just curious but how much if any of this acreage is same stuff MOC sold to Kinder Morgan several years ago? Anyone know?
Good point, E.G. Is the only asset left of any value other than the Stack acquisition and who knows how that will materialize.
EG to ExxonMobil maybe.
They have to sell something as they have exhausted every other avenue.
Laying off people and engineers,....employees don't mean anything in an oil company now days especially engineers, who needs those nurds that worked so hard to earn their degrees. All you need in the end is a good connection to the ole boy club, and you are set for life
Stock?