Murphy Oil is an oil exploration company that is about to spin-off its retail business to shareholders. I'm a huge fan of spinoffs, as I think they often surface value that was hidden in a larger entity. I suspect that will be the case here as the gas stations being spun off are high volume and co-located with Wal-Mart. The E&P business also includes many assets that could be sold off quickly, like a stake in Syncrude. I'm trying to keep this blog focused on Canadian value situations, so I wrote this up on Seeking Alpha at
http://seekingalpha.com/article/1461311-the-long-case-for-murphy-oil-corporation.
Disclosure: No position in MUR.
Disclaimer: The content contained in this blog represents only the opinions of its author. I may hold long or short positions in securities mentioned in the blog, and no updates to the disclosure above will be made. I may buy or sell securities at any time. In no way should anything on this website be considered investment advice and should never be relied on in making an investment decision. Read that last line again. Also, this blog is not a solicitation of business. The content herein is intended solely for the entertainment of the reader and the author
No comments:
Post a Comment