Marathon Petroleum (NYSE:MPC)

CAPS Rating: 5 out of 5

Recs

0
Player Avatar 2good2betrue (20.46) Submitted: 11/19/2012 1:30:07 PM : Outperform Start Price: $56.39 MPC Score: +17.54

A long term pick, like this one is taking off, and plan to buy on the dips over the next week or so.

Member Avatar 2good2betrue (20.46) Submitted: 11/20/2012 9:41:04 AM
Recs: 0

Bought this with real $ yesterday just below my start price. I've been reading a lot about the resurgence of oil production in the US and what this means to refineries, drillers, as well supporter companies of oil drilling for the coming year. MPC appears very well positioned to capitalize on this renewed interest. At the same time, a good short might be the companies that ship oil as that is going to take a hit with the US being one of the largest consumers - so a major reduction in oil imports is going to hurt that industry.

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