...Introduction This stock analysis paper is for Marathon Oil (MRO) which has been chosen because the oil and gas sector is in the throes of an energy revolution in the United States. With the endless opportunities offered by fracking and the possibility that the United States has become a net energy exporter again after many decades, the prospects for the oil and gas sector are indeed bright. Further, MRO is a midcap company meaning that it is neither too big nor too small which means that it is on the cusp of a transformation where it can ramp up its operations in a scalable and sustainable manner without affecting either its financials or its core operating principles. The following are the calculations of two different models, the CAPM and the DDM or the Dividend Discount Model. CAPM= Rf + beta*(Rm-Rf), where Rf is the risk free rate, Rm is the expected market return and beta is the beta for the asset. CAPM=8%+1.7*(1.7*8%-8%) =17.52%, where risk free rate=8%, beta=1.7, MCR=1.7*8%=13.6% Under the DDM, Fair Value (P) = D/r-g, where D represents dividend paid, r represents discounting rate and g represents the expected dividend growth. The discounting rate is 13.6%, and the Fair Value=0.76/ (1.136-1.089) =16.17 Market Price = Expected Dividend Per Share + (Expected End of Year Price – Current Share Price)/ Current Share Price. Given the fact that Expected Dividend Per Share is 2.87, Expected End of Year Price is 45.3, and Current Share Price is 39.94, we get the Market Price...
Words: 1996 - Pages: 8
...your rationale. Marathon oil is considered the fourth largest oil company in the United States. They are engaged in exploration and production; oil sands mining; integrated gas; and refining, marketing and transportation (www.marathonoil.com). Marathon Oil Corporation operates seven refineries and sells refined products at Marathon-branded gas stations, and through retail subsidiary Speedway outlets. It also holds stakes in 10,000 miles of pipeline, and is one of the largest asphalt and light oil product terminal operators in the US. It distributes petroleum products wholesale to private brand marketers and to large commercial and industrial consumers, as well as to the spot market. The company has operations in more than 20 US states. The phase open to the greatest number of efficiency improvements is the pipeline transport of crude oil. Once the crude oil is in the pipeline it will take about eight to ten days to reach the refinery. “The Capeline Pipeline is a major thoroughfare for crude oil in the U.S., transporting up to one million barrels of crude oil a day…at an average speed of four miles per hour…” (“The time it takes,” n.d.). Transporting oil through pipelines is more economical than transporting over land. If Marathon improves the throughput rate of crude oil delivery they will be able to refine more barrels of gasoline and other petroleum products a day. As previously stated the pipeline can transport up to one million barrels of crude oil a day, and according...
Words: 1623 - Pages: 7
...and the world demand for crude oil. Marathon is among the top five crude oil refineries in the United States. It’s an integrated international energy company engaged in exploration and production of oil, sand mining, integrated gas, refining, marketing, and transportation operation. Marathon needs to upgrade a few of their refineries and pipelines in order to increase the production process of heavy crude oils, (marathon.com). For example, once the Detroit Heavy Oil Upgrade Project is completed, the refinery crude capacity will increase from 106,000 bpd to 115,000 bpd. The upgrades will allow the Detroit refinery to process an additional 80,000 barrels of heavy crude oil per day (detriothoup.com). The existing pipelines at the Detroit refinery do not have the capacity to transport additional volumes of crude oil to meet the refinery’s upgrade needs. Therefore a 1.5-mile pipeline will provide an alternative oil supply line to the refinery and provide extra security in the event of a supply disruption. Pipelines are the safest and the most efficient way to transport crude oil and other liquid petroleum products. They reduce traffic and pollution as well as provide economic benefits. Pipelines transport two-thirds of all the crude oil and refined products in the U.S. compared to three percent by tanker trucks. According to detriothoup.com, currently 100,000 barrels of crude per day are transport to the refinery. Transporting the same volume of oil by tanker truck would require...
Words: 1480 - Pages: 6
...Preparing for a half marathon takes weeks because it is a mental and physical process that your body needs to prepared to do. The various steps that you will need can be grouped into the following stages: training, diet and the day before preparation. Once you have made the decision and execute all the steps, the end result of preparing for a half marathon will earn you a record of 13.1 miles in the record book. Now that you have signed up for your first half marathon what do you do? The first step is planning your training schedule. It consists of daily runs which can be between 3 miles to 10 miles with rest days in between for 12 weeks. Basically you would run your long runs, which are 10-12 miles on Saturdays or Sundays, and run the shorter...
Words: 978 - Pages: 4
...Chapter 1 INTRODUCTION Rationale Millions of athletes, runners and sports club are looking for an activity for their daily health awareness through foot race, jogging and marathon each day. At the same time, people are more conscious now for their body figure which really help them a lot to develop it well. Running is a means of terrestrial locomotion allowing humans and other animals to move rapidly on foot. It is thought that human running evolved at least four and a half million years ago out of the ability of the ape-like Australopithecus, an early ancestor of humans, to walk upright on two legs. Early studies on endurance running used X-ray and interview techniques to evaluate competitors and comment on performance. Since then, comparatively few studies have looked at runners competing in distances longer than a marathon. This study aims to analyze the feasibility of footrace in Cebu for long-distance running in order to develop a theoretical model for the marketability of foot race in the City. This pioneering study will assess also to the impact of extreme endurance on human physiology and the body's potential ability and willingness to in gage in this type of activity. The results will be of interest not only to endurance runners, but to anyone interested in the limits of human performance. Running competitions have probably existed for most of humanity's history and were a key part of the ancient Olympic Games as well as the modern Olympics. Although running is...
Words: 3877 - Pages: 16
...Completing an ultramarathon is a feat for anyone. Many people think it would be impossible for a sixteen year old girl. I thought, “Why not go for it?” As a varsity cross country runner, I am no stranger to running. An athlete’s contradictory love-hate relationship with running strains the mind and body like no other. I ran this race for myself; I knew if I followed this through and completed it I could do anything. Elon will push my limits, however, I believe I am well equipped to not only succeed but thrive. I live by the phrase “To be outstanding, you must become comfortable with being uncomfortable.” I constantly seek new challenges to push myself beyond normal bounds. I wanted to achieve something extraordinary. So I started training, aiming to condition myself for the nonstop running. In six months, the ultramarathon would start, which meant thirty-one and a half miles of trail waiting to be conquered. The ultramarathon was like nothing I had attempted before. My friends thought I was insane, and they were probably right. A person has to be insane to subject their mind and body to something that excruciating. However, an ultramarathon was so far out of my comfort zone I couldn’t pass up the opportunity. Very few people can complete one, as it requires a tremendous amount of grit, passion, and dedication. Race day I showed up in a pair of shorts and a shirt; I was definitely out of my league. I was the only runner under 26 years old, and clearly was lacking the special...
Words: 512 - Pages: 3
...Almost everyone from young children to older adults is familiar with the concept of a city race. Events like this are essentially open to the public and anyone interested in participating, including athletes and non-athletes, who are willing to pay for a spot. However, there are some twists on the basic ‘run’ depending on where you look to sign up. Some of those twists incorporate fun and exciting factors into the race itself, such as crazy costumes, bubbles, and numerous other ideas. However, the focus of this report is on the races labeled ‘color runs’, wherein colored powders, deemed safe enough for human skin and inhalation, is tossed onto participants as they make their way through the course. The organization I will be analyzing is, indeed, titled The Color Run, which was founded in 2011. This company hosts running events all over the United States, and even in different countries all around the world. According to the organization’s ‘about’ page on their public website, The Color Run is focused on their mission to “bring people together and make the world a happier, healthier place. By creating an experience that’s more about the memories you make than your mile per minute, we made running feel accessible to a broader demographic.” They also claim that participants come to the races for a variety of reasons, whether that is to support a charity, squeeze their daily fitness in with an exciting twist, or celebrate their fitness and health achievements. Relatively obvious...
Words: 1577 - Pages: 7
...Associate Level Material Appendix D Goal Evaluation Matrix Choose five of the scenarios in Appendix C and evaluate the goals according to the SMART criteria. Provide support for your evaluation. | |S |M |A |R |T | |Goal setter and goal |Is the goal specific? |Is the goal measurable? |Is the goal attainable? |Is the goal realistic? |Is the goal timely? | |James: |Yes |No. |No. |No |Yes | |Play middle linebacker for the | | | | | | |San Diego Chargers |He wants to be a linebacker. |He has to find someone that |In order to be a professional |It looks like he hasn’t played |It will take a lot of time to | | | |will sign him in a contract. |athlete one must be playing |this sport before. His age, and|get into shape and finding a | | | | |that sport for...
Words: 466 - Pages: 2
... A Is the goal Attainable? | R Is the goal Realistic? | T Is the goal Timely? | Lawrence:Would like to save $4,000 to purchase a car. | YesHe would like to save for a new car. | Yes His milestones are to save $300 monthly and $4000 by the end of the year. | NoThe amount of money he has set to save will not be enough to reach $4,000. | YesA new car or vehicle would benefit the whole family and give him peace of mind. | NoBy saving $300 a month he will only have $3,600 by the end of the year. | Jarrod:Wants to run in the Boston Marathon. | YesHe wants to train and participate in the Boston Marathon. | YesHe has devoted himself to training and increasing his miles. | YesWith proper training and practice he can participate. | YesHe will train with a trainer every day for a year. | YesA year of everyday training is long enough to train for a marathon | Roger:To become a member of the Kelsey Kazoo Orchestra. | YesHe will learn to play the Kazoo then pass try outs. | YesHe will try out in October of next year. | YesHe will make money for lessons and attend try outs. | NoThere is not enough time to take lessons, save money, purchase lessons and transportation. | NoOne year is not long enough to purchase a scooter and become a kazoo player. | Kat:She wants to improve her fitness. | YesShe will improve her fitness by training for a 5K race. | YesShe has 9 weeks to train and 3 weeks to make the distance a habit. | YesShe will use...
Words: 389 - Pages: 2
...Speech #2 Biography Biography: rick and Dick Hoyt General Purpose: To Inform Specific Purpose: To inform my audience on the amazing love and perseverance of Rick and Dick Hoyt. Central Idea: Rick and Dick Hoyt have lived an extra ordinary life and have a story that has inspired many Introduction I. Attention material A. The dictionary defines Agape love as; a selfless love of one person for another. B. This type of love puts all self ambition aside and does what is best for the other person at any costs. II. Orienting Material A. Today I want to share with you the story of a father and son who in my opinion epitomize the definition of agape love. Transition: If you were to see Rick and Dick Hoyt out an about on any given day, you might feel pity for them, but I’m here to tell you that pity is something these two have never taken upon themselves. Body I. According to the Team Hoyt website, in October of 2013; Rick was born to Dick and Judy Hoyt in 1962. A. As a result of oxygen depravation during childbirth was diagnosed with spastic quadriplegic cerebral palsy. B. Cerebral palsy is a neurological disorder that that effect body movement and muscle coordination. C. According to the National Institute of Neurological Disorders and Stroke, Rick had the most severe type of cerebral palsy. It is often accompanied by severe intellectual disabilities. D. Rick’s doctors had advised Dick and Judy to put Rick...
Words: 1067 - Pages: 5
...lenses. Usually I would just call the customer to let them know that they need to go in for a new eye exam but I noticed that this customer lived in a state where glasses/contact prescriptions lasted for two years. I then took it upon myself to contact the doctor to get her last exam date, which was just a year ago, and thanked them for the information. Once I hung up I could ship the order since technically the prescription was still valid for another year. Now every time I get an expired response from a doctor in a two year state I take it upon myself to contact the doctor to get the exam date. 3. Describe a time when you didn’t succeed at something you were trying to accomplish. I like to run, so with that I decided to run a half marathon one time. I hadn’t ran in months and a friend had asked me if I wanted to join him in the race, I said yes thinking I was going to run it no problem. I did not train for the race. When the day came to lace up my running shoes and get to the starting line I felt good and ready to run. Once the race started to felt fine! But only a mile into the race my whole body started to shut down on me and I had to drop of the race not even making it half way. I was so disappointed in...
Words: 530 - Pages: 3
...share of sports, either as players or spectators. You name it football, baseball, volleyball, basketball, soccer yes even track. All of these events require some running, I have people tell me that only time they ran was to train for another sport, running wasn’t something they enjoyed doing. When I was in school, track was my favorite sport, after a few track meets the season was over, a short season. When I got out of service in the early seventies we had what you call a running boom, people begin running for exercise trying to stay fit or get fit, an activity everyone could do, young and old. The movie business got involved, if you ever seen the movie “Forrest Gump” you know what I mean. We have 5K run, 10K run – ½ marathon, marathon and even ultra marathon 50 miles or more, but tonight I would like to talk about another run - The race of faith. In the beginning of the chapter the writer is telling us we are surrounded by a great cloud of witnesses. I would think of these as spectators, ones that have already ran this race, had finished the course. These are the old saints that the writer wrote about in previous chapters of Hebrews such as Abraham, Moses, Rahab, Gideon, Samson, David, and we might be able to add others that we believe ran this race of faith. Ones we have come in contact with in our lives that we think of as being faithful but now is no longer with us, ones that bear witness of faith with lives, witnesses spectators. We like to do our best when we got...
Words: 1362 - Pages: 6
...Amanda Munoz Professor Montoya English 1301-2029 October 16th A Guide to Running Your First Marathon Marathon training can seem overwhelming to many people. There are many important factors that will help a first time marathon runner to cross the finish line. Once prepared, a runner can choose to run a full marathon race at twenty six point two miles or a half at thirteen point one. Marathon races are timed events. Achieving the goal will take physical endurance and perseverance. Three of the most important things to consider are diet, apparel and physical training. Nutrition is such an important factor when preparing to run a full or a half marathon. Complex carbohydrate intake from grain and pasta has long been recommended as the foundation of a running diet. This is called carb loading. Carb loading works by adding additional glycogen to the body. Glycogen is the fuel muscles will burn during long distance running. Sports gels like Gu or Honey Stinger taken every 30 minutes of running will add extra glycogen, and give the extra energy needed for long runs. Recovery drinks will also help to recover glycogen lost during physical activity. A recovery drink should be taken as soon after running as possible to be the most effective at aiding in the recovery of muscle soreness. Hydrating properly is another very important part in preparing to run a marathon. A good general guide is to drink 3 to 6 ounces of fluid for every 15 to 20 minutes of activity, or on average, about...
Words: 909 - Pages: 4
...Strategic communication challenge From title sponsorship to brand ownership BACKGROUND • Delhi: a critical metro market for Airtel --- highest number of mobile subscribers in a single city (5% of national mobile subscribers come from Delhi) • Aggressive tariff wars sparked by all competition brands • Vodafone intensifying on-ground focus on this market --- Vodafone Delhi Half Marathon since three years CHALLENGE • Change the category argument in the city from “who can give the lowest tariffs” to “which is the brand I love and engage with” • “Big Bang” transition of ownership of property from competition who owned it for three years Objectives Goal Measure 1 Participation Actual count 2 Strengthen Brand KPIs in Delhi, as measured by Millward Brown: Top of Mind Awareness (TOMA) by 1 point Intention to Purchase (ITP) by 1 point TOMA, ITP in Delhi as measured by Millward Brown 3 Share of acquisitions (SONA) by 1 point COAI report The Big idea The truest manifestation of the barrier-free world that Airtel believes in is a marathon where collectively an entire city converges on the streets to just run – dropping all inhibitions and barriers that would stop them from enjoying life’s simple joys By watching children run --- without restrictions and inhibitions that load our adult lives. They run with smiles on their faces or while screaming out loud in sheer joy --- carefree of where they are or who is watching them. Consumer insight We have created...
Words: 737 - Pages: 3
...cartilage before and after marathon running. The American Journal of Sports Medicine (38, 11), p. 2273-2280. doi: 10.1177/0363546510372799 2. Purpose and general rationale. What was the general purpose of the study? What questions does it raise? The objective of this study was to investigate the effects of long-distance marathon running on articular cartilage biochemical composition using high-field quantitative MRI. It raises the question of effects long-distance running has on the articular cartilage immediately and distantly after running a marathon. 3. Fit and specific rationale. How does answering the research question(s) add something new to what is already known? If the study is a replication, why is that important? The study is capable of getting better results than the previous studies in this area because the researchers had higher quality MRI’s to look at the T1 and T2 markers. 4. Participants. Who or what was studied? (Number and key characteristics) Ten marathon runners between the ages of 18-40 years old. Criteria for the runners were 1) no more than 3 marathons run previously, 2) no marathons run in the past 4 months, 3) no history of knee pain (less than 1 month of knee pain in any given year), 4) no decrease in training habits because of injury before the marathon, 5) no history of surgery on the lower extremities, and 6) body mass index (BMI) of less than 30. 5. Context. Where did the study take place? Five marathon runners participated...
Words: 742 - Pages: 3
