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Engaged in worldwide exploration, production and marketing of crude oil and natural gas; domestic refining, marketing and transportation of crude oil and petroleum products.
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wcwhiner (98.34) Submitted: 4/20/07 11:54 AM : Start Price: $48.76 MRO Score: -16.48
Yes, MRO caught a downgrade so I cashed in and am still shorting energy. Wrong and stubborn so far on that latter sector bet (though the last few days have been an eensy consolation prize). Still, current prices and spreads strike me as unsustainable in a slowing-growth economy, and while I am not a sky-is-falling pessimist, I expect real GDP to be around a 2% grower for the next two to four quarters. That is not a recipe for higher fuel margins.Reload. Viz canned "accuracy" rant at http://caps.fool.com/Blogs/ViewPost.aspx?bpid=4381&t=0100160...
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