Tuesday, October 16, 2012
Murphy Oil Making Big Dividend and Buy Back News
MUR also authorizes a $2.50 per share special dividend and $1 billion share buyback program, and says it’s still working to divest its U.K. downstream operations and continuing to review options with respect to "selected assets."
Murphy Oil's move to spin off its U.S. fuel making and distribution business into a new company could unlock up $5 per share in trapped enterprise value, Simmons analysts say, and "could be a sign for more aggressive moves to continue to improve the valuation in shares".
Here is today's video on the stock market and commodities talking about a possible 6-12 week pullback in stocks
Posted by Ray C. Parrish at 7:46 AM