MRO - About to run a marathon! 45% UpsideNYSE:MRO - About to run a marathon! 45% Upside
Marathon Oil Corporation is attempting to break out of a multi-year BULLISH PENNANT pattern and a Bull Flag within it at the same time. We also have turned green on the H5 Indicator.
Entry: $29.70
SL: $27.35
Profit Targets:
$32
$37
$42.50
NFA
Marathonoil
ConocoPhillips to Buy Marathon Oil in $17 Billion All-stock DealConocoPhillips has agreed to buy Marathon Oil ( NYSE:MRO ) in an all-stock transaction worth $17 billion, bolstering its shale assets as the broader oil and gas industry undergoes a wave of consolidation. The deal will add 2 billion barrels of resources to ConocoPhillips' inventory in the U.S., extending the company's reach across shale fields in Texas, New Mexico, and North Dakota. ConocoPhillips CEO Ryan Lance said the acquisition further deepens its portfolio and fits within its financial framework, adding high-quality, low-cost of supply inventory adjacent to its leading U.S. unconventional position.
The acquisition follows blockbuster deals announced last fall by its two bigger rivals, Exxon Mobil and Chevron, as the industry undergoes a transformational wave of consolidation. The U.S. oil majors are growing even larger, buying up lucrative oil fields to boost shareholder returns even as governments try to accelerate the transition away from fossil fuels to mitigate climate change.
ConocoPhillips' stock was down 3.3% in early trading following the announcement as Marathon Oil shares surged 8.54%. ConocoPhillips is the third-largest U.S. oil company with a market capitalization of $137 billion, while Marathon Oil ( NYSE:MRO ) has a market cap of $14.4 billion. ConocoPhillips is the last of the top three U.S. oil companies to pull the trigger on a big acquisition.
Technically, Marathon Oil ( NYSE:MRO ) stock is in a Bullish trend with the Relative Strength Index (RSI) at 67.06 further accentuating to the bullish campaign is the "Golden Cross" pattern depicted in the daily price chart and the bullish flag pattern. NYSE:MRO 's bullish campaign will be validated if the stock bridges the $30 pivot point that move position the RSI at 70.
🛢️📈 Marathon Oil (MRO) Analysis 📈🛢️📊 Current Position:
Strategic Growth: NYSE:MRO is strategically positioning itself for growth in the energy sector.
LNG Sales Agreement: Initiatives like the LNG sales agreement with Glencore Energy UK enhance market positioning, particularly in European oil demand.
Safety and Environmental Excellence: MRO's commitment to safety and environmental excellence, along with its ESG leadership, attracts investments and enhances reputation.
Value Delivery: A CFO-driven framework aiming to return at least 40% of adjusted cash from operations to shareholders demonstrates value delivery.
Balance Sheet Strengthening: Efforts to reduce debt and achieve positive free cash flow strengthen the balance sheet and bolster resilience.
💡 Outlook:
Bullish Stance: A bullish stance on MRO is warranted, particularly above the $25.00-$26.00 range.
Upside Target: The upside target is set at $36.00-$38.00 as MRO executes strategic initiatives and capitalizes on energy sector dynamics.
🚀 Investment Strategy:
Entry: Consider entry above $25.00-$26.00, aligning with the bullish stance.
Targets: Aim for profits at the identified upside target levels.
Risk Management: Monitor industry trends, regulatory changes, and financial performance to manage risks effectively.
🌟 Note: Stay informed about energy market dynamics and company developments to make informed investment decisions! #MarathonOil #EnergySector #BullishAnalysis 🛢️📈
Marathon Oil turning and divergent. MROGoals 18.42, 16.87. Invalidation at 28.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Marathon Oil (NYSE: $MRO) Breaking For New All-Time Highs! 🛢️Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol. It also owns and operates 32 central gathering and treating facilities; and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in December 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.
Energy stocks for high inflation era..!it seems Energy stocks are ready to finish their correction and started a new rally!
Keep them in your portfolio during high inflation times!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
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MARA! Swing Is breaking resistance on consolidation.
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Marathon oil in Green. MROC Wave confirmed and we are looking at the most likely extensions and Fib points of convergence. We believe this one is going to rise in the near future given the probabilities. Check DMI, Jurik's RSI for technical evidence of the fractal picture we are suggesting.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
MRO Cup and Handle Gas prices have increased to over $2 a gallon. This stock was trading at $8.43 when gas prices were slashed in half during a stay at home order! People are back to work or traveling during the fourth of July.
LONG LONG LONG LONG
MRO Bottoming ImprovementMRO is forming an intermediate-term bottom formation that is slowly improving.
MRO I was a week of mourning, but I'm ready to collect profitAfter a week completely off, I'm ready to collect some profit. Marathon Oil one of them. My TP was already hit and probably is going lower, but I'll keep an eye for a buyback around $14.76 or $11.78. My PV for this asset is currently at $24, while Wall Street consensus is about $26. However, at $21 would be my target.
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