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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.
M
by DEXWireNews
USO is in a sweet spot on its chart LONGUSO while the middle east, the Houthi rebels and the Suez Canal shipping quagmire affect oil liquidity globally and prices at the pump continue to be volatile the federal government seeks contracts to restore the national strategic reserves depleted in the last supply demand challenge while the presidential and congressional election cycle starts warming up. On the weekly chart, USO has just crossed over the long term anchored mean VWAP line as well as the POC line of the volume profile. This is a bullish momentum move. Price is situated in the middle of the high volume area showing expectations of decent trading volume and liquidity. I see this as an opportunity to take long trades in oil or anything oil related. CVX is on sale after a drop after the morning open. i will look at oilfield services stocks, big oil and oil futures.
AMEX:USOLong
by AwesomeAvani
1
🛢️📈 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 🛢️📈
MLong
by Richtv_official
USDUSD Oil Prices react to Middle EastOn Thursday January 11th ( earlier today) WTI Crude prices gyrated widely likely in reaction to US /UK intervention on the terrorists who seized a tanker on the behalf of Iraq in the Red Sea / Suez Canal area putting shipping and supply concerns into the oil industry to offset any weak demand. The 15 minute chart shows a megaphone pattern as a demonstration of waves of relative volatility in price action. I have a position shorting oil and will now close that position as I see a long entry developing here. US companies that use rail and pipeline matching domestic production to consumption are less impacted by this oceanic shipping issue. I will focus on them especially. OXY is at the top of the list and then MRO.
EIGHTCAP:USOUSDLong
by AwesomeAvani
6
CVX drops and then starts to recover LONGCVX today dropped suddenly for unclear reasons. The possibility of a Israeli - Hamas War cease-fire may have led to expectations that oil prices would fall as the shipping quagmire in the Red Sea might stabilize. Later in the day OPEC+ announced a raised target of $ 1.00 per barrel higher which on balance seems to be an offset maneuver. CVS in the drop lost 2% printed a bear flag in about 90 minutes. i will use this opportunity to buy some all options for September after the height of the summer driving seasons to add to my positions in the futures ETF USO and OXY.
NYSE:CVXLong
by AwesomeAvani
MRO US Oil LongThe US Energy Department has announced open bids for oil contracts to replenish the national strategic reserve which was depleted during the prior run up on global oil prices. This is a sure sign that the feds think that spot oil has but in a bottom especially in the context of shipping disruptions and higher insurance costs due to terrorism /piracy in the area of the Red Sea and Suez Canal. In the meanwhile two South American countries are having sovereignty disputes over oil fields and the British Navy is offshore to buttress the interests of Guyana. MRO is a domestic oil producer that is independent of Middle East issues. Its oil is consumed mostly in the US with a little shipping to Asia only. On the 50 minute chart, price downtrended from January 3th through and then below the high volume area of the volume profile. Price has reversed back up and reapproached the evolving high volume area. The dual TF MACD ( by Chris Moody) shows moving average divergence. Chris Moody's dual TF RSI indicator shows the faster TF RSI rising over the slower TF RSI as a sign of bullish momentum. I have taken both a stock and call options position in MRO having zoomed into the 15 minute TF for a good entry. Given the level of challenges current geopolitics presents to smooth flowing and inexpensive shipping of crude oil, I am expectant of significant gains in these positions. I have also looked into a position in OXY and CVE, which is a Canadian crude producer.
MLong
by AwesomeAvani
2
IMPP a volatile penny oil/energy LONG pre-earningsIMPP is rising from its lows of July after falling from a triple top in June at 3.8 which is the target for a long trade. Price is now above the POC line of an intermediate term volume profile having crossed the mean VWAP line anchored at the share split (purple and thick black lines respectively). Price bounced off the first negative standard deviation line making this a VWAP band bounce. The MACD lines are upgoing and so diverging. I see a stop loss of 0.2 as compared with a profit target of 0.6 making this setup a r:R ratio of 1:3. I will go long here also knowing of the rising energy sector supporting this ticker. This stock is a retail trader favorite when energy is" hot". With earnings in the morning, for me this is a no brainer to buy in the premarket and if rising complement with a call option. If you want my idea of a good call option, please ask in a comment.
NASDAQ:IMPPLong
by AwesomeAvani
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AMEX:SPYLong
by bryandowningqln
USOUSD rises on reversal USOUSD today on the 15-minute chart dropped on a downtrend outside the Bollinger (lower) Band (49, ohlc,2) hit a Doji candle and then started the upward retracement. The RSI indicator shows relative strength hitting a bottom and bouncing up. RSI is about to go over 50. Price is currently below the high volume area with the POC line aligned with the basis center line of the Bollinger Bands. The ECHO indicator, a predictive algo tool is for a 2.5 % upward trend over the next 2-3 days. I see this as a good entry point for a long leveraged forex trade.
EIGHTCAP:USOUSDLong
by AwesomeAvani
$XLE - Weakness in the Energy Sector Could Bring Stage 4 DeclineThe Energy sector is notoriously one of the last to roll over in a recessionary environment and the $XLE chart appears to be topping out right on queue. After a euphoric run beginning in the middle of 2020, the Energy sector has stalled out creating a triple top near the $90 level. With the break of the 200-day moving average, along with an accompanying bearish momentum regime in the RSI, we expect the Energy sector to begin its descent into a Stage 4 decline. Many individual stocks within the Energy sector look prime for capitulation events and accompanying sector weakness would further aggravate already anemic charts. PT near 60.
AMEX:XLEShort
by Howtoswingtrade
OXY SHORT after bouncing down from All Time ResistanceOXY as shown on the chart is still in a megaphone pattern. Horizontal resistance red line is the all time highs of Spring 2018. In the past several trading sessions, spot oil has dropped from $96 to $87. The MACD indicator which is lagging shows the K / D cross over the histogram. Accordingly, OXY is now trending downward to the mid-Fibonacci retracement levels and the confluence of the mid-line of the megaphone pattern. This appears to be a safe short trade setup especially now that the buying pressure of Mr. Buffet has subsided.
NYSE:OXYShort
by AwesomeAvani
1
Using MRO call Option to hedge against market dropBought a weekly call option on MRO to hedge against market correction. Marathon Oil is one of the US’s largest oil producers. If Russia invades Ukraine, I believe it will absorb a large percentage of global oil supply, and American oil refineries will possibly receive help from US govt. to ensure we have adequate supply. This is a short term play for me to (hopefully) snatch some Alpha while crypto (unfortunately) tumbles. strike price = $23 expiry = 2/25/22
MLong
by WealthHunters
1
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
MShort
by Rykin_Capital
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.
MLong
by Bullishcharts
3
Looking for a rally in Oil stocksThe market looks to be recovery today and the most interesting stocks to me were oil companies ( NYSE:XOM , NYSE:MRO , NYSE:COP ) which all exhibited morning open volatility spikes. The one I liked the most because it was at at 50% Retracement (see high timeframe below) is XOM so it fits my criteria for a long trade. I'll be looking for a retest of the last major highs. This is also an addon positions to a winner from the beginning of 2021 (see Related Idea).
NYSE:XOMLong
by norok
4