Image: Murphy well pad site just North of Campbellton Source: Pleasanton express.
Investment Thesis
The Arkansas-based Murphy Oil Corp. (MUR) is an independent oil company that I consider with an excellent long-term oil investment potential. It is particularly true for an investor who wants to invest in the oil & gas exploration with assets concentrated in North America, onshore, and offshore (the Gulf of Mexico primarily). As we can see in the chart below:
About 80.4% of the revenue in the third quarter comes from assets in the USA (Eagle Ford) and Canada