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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Replies to This Discussion
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Permalink Reply by Paul Butler on
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Someone just sent me an email saying: Clearly, Marathon needs to buy more acres. Apparently, they didn't get the memo on the panacea!"
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Permalink Reply by 1s7k1qp9wk1t7 on
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Marathon isn't going anywhere you chicken little goofballs
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