Exploration SuccessVietnam should be a particular focus given recent exploration success as MUR progresses its first development project toward first oil.
Shareholder ReturnsMUR repurchased $194mm worth of stock in 3Q, well in excess of FCF, indicating a strong commitment to return cash to shareholders.
ValuationMUR is trading at a discount compared to large-cap and offshore peers on EV/EBITDX, suggesting potential value for investors.