Monday, December 27, 2010

For Investors Only: MRO (Marathon) and a Mention of the Bakken

Link here.

I have bought and sold and bought and sold Marathon over the years (unusual for me because I am pretty much a buy and accumulate sort of trader) and I think I still have some MRO tax losses that I am carrying forward. Just joking. But I don't recall making money on MRO.

At the time I originally got interested in MRO I did not realize that about 50 percent of the company was involved in refining; I always thought of MRO as strictly E&P -- wow, was I wrong. Nothing like investing a few dollars to learn more about a company. Smile.

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