- Marathon Oil reported Q1 2022 results that were even better than expected.
- Marathon Oil is now guiding for somewhere in the neighborhood of $4.5 billion of free cash flow.
- Marathon Oil the stock is priced at 4x this year's free cash flow.
- Marathon Oil's shareholder distribution to reach more than 20% yield. At current strip prices, to return to shareholders $4 billion worth of distributions.
- As always, happy to discuss further my thesis in the comments section.
For further details see:
Marathon Oil: Priced At 4x Free Cash Flow, Massive Buybacks, Virtually Unhedged