Marathon Oil Vaults Higher

Filed under: Stocks to Buy, Marathon Oil (MRO)

Institutional investors (IIs) have made up for lost time with Marathon Oil Corp (MRO), first discussed here on April 20, 2009 at a price of $28.55. The shares have surged higher this winter, rising from about $35 to about $49.



Hence, it goes without saying that now would be a good time to consider taking some profits off the table with MRO, if you're in at/near $28.55.



However, those investors who can tolerate the risk can maintain their full position with MRO and go for an even bigger gain.



The reason? Marathon's flattish production days appear to be over, and look for a small gain in 2011 to about 400,000-405,000 barrels per day in oil equivalent (mbpde), followed by a 3-4% rise in 2012, boosted by Bakken Formation shale (U.S.) and Canadian oil sands gains.

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Marathon Oil Vaults Higher originally appeared on BloggingStocks on Mon, 14 Feb 2011 17:00:00 EST. Please see our terms for use of feeds.

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