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Marathon Oil: Too cheap to not consider

 Mar 27, 2008 04:40 PM UTC
Return Risk
+0.67% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
MRO Positive 03/27/08 -40.31% 04/20/09

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Filed under: Stocks to Buy

Readers of this space know that oil/oil services has been a preferred sector. Given ramping demand in the developing world and oil's importance in a growing global economy, oil and oil services companies are likely to continue to experience steady demand for their services/products, and a provider worth a review is Marathon Oil.

Marathon Oil Corporation (NYSE: MRO) has what analysts like to see in an oil operation: a large/geographically-wide exploration footprint, very good production, and strong refining operations.

Further, that last tangible may be the most valuable, given the barely-adequate refinery capacity in the United States. What's more, the stock market's early 2008 sell-off has created a buying opportunity with Marathon. With a p/e of about 9, MRO's risk/return ratio is low. The Reuters FY 2008/FY 2009 EPS consensus estimates for MRO are $6.33 to $6.77.

Continue reading Marathon Oil: Too cheap to not consider

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