Thursday, October 31, 2019

Knockin' On Heaven's Door -- MPC To Be Broken Up -- October 31, 2019

This is pretty funny. Those commercials, turning into your parents -- is it "Progressive" that says it can't prevent you from turning into your parents?

Whatever.

My dad was a very conservative investor until he turned 75 years old. Then he became a momentum trader, and did quite well. I'm now approaching that same age. I, too, have decided to do a little bit of momentum trading. LOL. 

Previously posted:
MPC: huge earnings report, announcements. Link here. To spin-off Speedway. Will break itself up into three separate companies: retail (Speedway); refining; and, pipelines. MPC estimates the retail unit has a potential enterprise value of $15 billion to $18 billion (Speedway);
Knockin' on Heaven's Door, Bob Dylan back by Tom Petty and the Heartbreakers

My dad used to say he would rather be lucky than smart. LOL.

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Breaking up the kingdom:

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