Robinhood's Most Popular Oil Stock Sees a Gusher of Cash Flow Ahead
Marathon Oil (NYSE: MRO) is currently the most widely held oil stock on popular trading app Robinhood. More than 190,000 traders own shares, putting it ahead of well-known peers like energy behemoth ExxonMobil. Fueling the company's popularity among the service's traders are its low-priced stock -- shares currently fetch less than $6 apiece -- and its upside potential if crude prices head higher.
The company highlighted that potential in its second-quarter earnings report Wednesday, where it detailed its current cash flow breakeven levels for the balance of this year and 2021. Those numbers are well below where oil is trading now, which suggests Marathon is in position to produce a gusher of cash in the coming year.
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Source Fool.com
