Murphy Oil: A Contrarian Idea
MURMurphy Oil(MUR) Seeking Alpha·2024-08-21 21:14
Jeremy Poland Murphy Oil (NYSE:MUR) is a relatively small player with a decent sized offshore business because it handles the risk of the offshore business rather well. Recently, there was news about a downbeat production view that caused the stock to be downgraded as an investment idea. However, this is a La Nina year, and the Gulf of Mexico production is likely to have a lot of interruptions from what is expected to be a very busy hurricane season. Murphy has this and some routine considerations in it ...