Comment on Marathon Oil (MRO) Stock Higher Today After Announcing 2015 Spending Cuts

Marathon Oil (MRO) Stock Higher Today After Announcing 2015 Spending Cuts

NEW YORK (TheStreet) -- Shares of Marathon Oil Corp. are up 2.74% to $27.40 after announcing 2015 spending cuts. The Houston-based oil and gas company anticipates its 2015 capital, investment and exploration budget will be approximately $4.3 to 4.5 billion, or about 20% lower than 2014 levels, excluding its recently disposed Norway business. Marathon expects production to rise in the high-single digits, excluding its Libya operations. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months.

 

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