Saturday, 25 May 2013

Murphy Oil NYSE:MUR $61.58

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

Disclosure: No position in MUR.

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