An Idea for MRO stock, suggesting an inverse H&S formation, with only the right shoulder yet to form
This will result in a bearish move, yet once completed bullish movement should resume as it enters a huge sideways channel which I consider to be really bullish for price in the long run as it will want to break out to the upside
Bought a weekly call option on MRO to hedge against market correction. Marathon Oil is one of the US’s largest oil producers. If Russia invades Ukraine, I believe it will absorb a large percentage of global oil supply, and American oil refineries will possibly receive help from US govt. to ensure we have adequate supply. This is a short term play for me to...
$MRO is an oil name that looks interesting with crude at $20 a barrel. $MRO is pretty strong financially and trades at just 0.21x book, 3.28x cash, and 1.13x FCF.
There's also been a lot of insider buying recently.
Insider Trading Relationship Date Transaction Cost #Shares Value ($) #Shares Total SEC Form 4
TILLMAN LEE M Chairman, President and CEO Mar...
