"HOUSTON, Sept. 10, 2013 (GLOBE NEWSWIRE) -- Marathon Oil Corporation (NYSE: MRO) today announced it is moving forward with plans to repurchase $1 billion of the Company's common stock...Unrelated to the share repurchase, the Company also announced an intent to sell its interest in Block 32 offshore Angola for approximately $590 million and the acquisition of approximately 4,800 net acres in the core of its south Texas Eagle Ford position for approximately $97 million, including carried interest of approximately $23 million."
This underlines MRO's commitment to the EFS but the purchase price looks quite cheap.
mro buys another 4,800 acres
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Last
$1.10 |
Change
-0.050(4.37%) |
Mkt cap ! $615.1M | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.15 | $1.09 | $2.623M | 2.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 62350 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 13570 | 2 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FFM (ASX) Chart |