Marathon loses record 239 million in 1st quarter--said to be running out of options

Business operations post record loss of $239 million in 1Q16.

Despite cost rationalizations, crude is still produced at a loss of almost $9 per barrel.

Current cash burn rate raises concern about liquidity should the commodity downturn persist.

You would have never guessed it from reading some of the know it all's posting on GMS!

http://seekingalpha.com/article/3971515-marathon-oil-running-option...

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Permalink Reply by Paul Butler on May 5, 2016 at 2:55am

Someone just sent me an email saying:  Clearly, Marathon needs to buy more acres.  Apparently, they didn't get the memo on the panacea!" 

1s7k1qp9wk1t7Permalink Reply by 1s7k1qp9wk1t7 on May 5, 2016 at 11:14am

Marathon isn't going anywhere you chicken little goofballs

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