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Murphy Oil Corporation: Positive free cash flow and debt reduction dri...

Our credit view of this issuer reflects its solid cash margins, declining debt and diversified portfolio across several geographies, offset by its smaller scale and high capital intensity.

Moody's changes Murphy Oil's outlook to positive; affirms Ba2 CFR

Moody's Ratings ("Moody's") changed the outlook of Murphy Oil Corporation (Murphy) to positive from stable and concurrently affirmed its existing ratings, including the Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating (PDR) and Ba2 senior unsecured notes ratings. The Speculati...

Murphy Oil Corp: 1 director

A director at Murphy Oil Corp sold 10,000 shares at 43.355USD and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...

Murphy Oil USA Inc.: Update to credit analysis

Our credit view of MUSA reflects its strong free cash flow and strong credit metrics, offset by its low merchandise margins compared to peers.

Moody's affirms Murphy Oil USA Inc.'s Ba1 CFR

Moody's Investors Service (Moody's) today affirmed Murphy Oil USA Inc.'s ("MUSA") ratings including its Ba1 corporate family rating (CFR), Ba1-PD probability of default rating (PDR), Ba2 backed senior unsecured notes rating, Ba2 senior unsecured notes ratings, Baa3 ratings of the company's senior se...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Valens Research
  • Valens Research

MUR - Valens Credit Report - 2023 09 22

Cash bond markets are slightly overstating MUR's credit risk with a YTW of 6.477% relative to an Intrinsic YTW of 6.012%, while CDS markets are accurately stating credit risk, with a CDS of 138bps relative to an Intrinsic CDS of 155bps. Furthermore, Moody's is overstating MUR's fundamental credit risk with its speculative Ba2 credit rating four notches below Valens' IG4+ (Baa1) credit rating.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Valens Research
  • Valens Research

Valens Credit Weekly Insights - 2023 06 28

Valens Credit Research team highlights MUR, which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

Valens Research
  • Valens Research

MUR - Valens Credit Report - 2023 06 26

Cash bond markets are overstating MUR's credit risk with a YTW of 6.542% relative to an Intrinsic YTW of 5.605%, while CDS markets are slightly overstating credit risk, with a CDS of 223bps relative to an Intrinsic CDS of 160bps. Furthermore, Moody's is overstating MUR's fundamental credit risk with its speculative Ba2 credit rating four notches below Valens' IG4+ (Baa1) credit rating. Incentives Dictate Behavior™ analysis highlights mostly positive signals for credit holders. MUR's compensatio...

Valens Research
  • Valens Research

MUR - Valens Credit Report - 2023 05 30

Credit markets are overstating MUR's credit risk with a YTW of 6.600% and a CDS of 261bps relative to an Intrinsic YTW of 5.445% and an Intrinsic CDS of 168bps. Furthermore, Moody's is overstating MUR's fundamental credit risk with its speculative Ba2 credit rating four notches below Valens' IG4+ (Baa1) credit rating. Incentives Dictate Behavior™ analysis highlights mostly positive signals for credit holders. MUR's compensation metrics should generally drive management to focus on improving mar...

Valens Research
  • Valens Research

Valens Credit Weekly Insights - 2023 03 29

Valens Credit Research team highlights MUR, which has a compelling bond offering that we believe the market is currently mispricing, with strong fundamentals, favorable management alignment, and an actionable trade.

Murphy Oil Corporation: Positive free cash flow benefits from complete...

Our credit view reflects Murphy's diversified portfolio of onshore and offshore assets, modestly increasing production and improving credit metrics.

Valens Research
  • Valens Research

MUR - Valens Credit Report - 2023 03 24

Cash bond markets are materially overstating MUR's credit risk with a YTW of 7.195% relative to an Intrinsic YTW of 5.310%, while CDS markets are overstating credit risk with a CDS of 290 relative to an Intrinsic CDS of 163. Furthermore, Moody's is overstating MUR's fundamental credit risk with its highly speculative Ba2 credit rating four notches below Valens' IG4+ (Baa1) credit rating. Incentives Dictate Behavior™ analysis highlights mostly positive signals for credit holders. MUR's compensat...

Stephane Foucaud
  • Stephane Foucaud

Auctus on Friday - 03/02/2023

AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN)C: Target price of £0.45 per share: On track for a very busy 2023 – Arrow is about to embark on a 10 well drilling programme that could add between 2,800 and 4,800 boe/d net production (before decline and in a success case) to the existing constrained production base of ~1,800 boe/d. Over January, production was ~1,800 boe/d with short term outages due to weather at Ombu and Pepper. This compares with produc...

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