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MUR - Murphy Oil: This Independent E&P Deserves A Second Look
Murphy Oil Corporation
Source: Murphy Oil Corporation Headquarters 2003. Now transferred to the company's existing headquarter in Houston.
Investment Thesis
The Arkansas-based Murphy Oil Corp. (MUR) recently released its second quarter of 2020 results on August 5, 2020. Results were a little better than analysts' expectations. However, revenues were down significantly due to the unprecedented slump in oil and gas price. The oil price realized this quarter was $22.89 per barrel.
The investment thesis is now complicated. Murphy Oil is an excellent E&P company - a major player in the Eagle Ford basin - that could