- The enterprise value of Marathon Oil is less than 5 times the nine month cash flow figure reported.
- The enterprise value of ConocoPhillips is more than 20 times the nine month cash flow figure reported.
- The adequate Eagle Ford takeaway capacity was a valuable competitive edge over the Permian takeaway inadequate capacity.
- The common stock of ConocoPhillips is a market darling while the common stock of Marathon Oil is in the doghouse.
- Clearly Marathon Oil management has been more successful at cutting costs and raising efficiency.
For further details see:
Marathon Oil Corporation: Avoiding Trouble