Marathon Petroleum Corporation (MPC) Social Stream

Marathon Petroleum Corporation (MPC)

Today's Latest Price: $29.95 USD

1.32 (4.61%)

Updated Sep 28 7:00pm

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Industry Rank:

Ranked of 97 in Energy - Oil & Gas

See all "A" rated Strong Buy stocks

Featured Post From StockTwits About MPC

$MPC just a classic example of when energy indices are down, everything gets sold without regard to individual stock values

Here’s my math, assuming 650 million shares outstanding:

Cash/speedway sale = $25/share
62% stake in MPLX = $16/share
Refiners in current mkt with covid risk, I’ll mark them down from $40/share to $20/share
That’s $61 per share less debt of $17.50 = $43.50 per share ($63.50 with a vaccine)

Just my opinion, most analysts agree, but do your own homework.

Once we get more news on Speedway sale, stock should get back to mid$30’s

And if that deal was at risk they would NOT be announcing redemption of 2022 debt (announced this morning) they would be hoarding cash instead, so the deal is moving to closing - wouldn’t be surprised to see it close early on Dec 31.
MidwestWhale, published September 27, 2020

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