[video] Quick Take: Murphy USA to Stick Near Wal-Mart
Murphy USA, one of the largest gasoline and convenience retailers in the country, recently spun off from Murphy Oil Corp.
Clyde said that it was hard for the market to properly value the gas and convenience store business, since it was buried in an exploration and production company.
However, Murphy USA and its new CEO are going to stick with their partner, Wal-Mart
It's expected to take three to four years to complete. Clyde expects a site expansion of about 5% per year, most of which will be coming near Wal-Marts.
He added that the retail giant's customers are well suited for Murphy USA, too, since Murphy also caters to value shoppers.
Clyde concluded that effects of Syria on crude oil wouldn't be that big of a deal for the company, which moves its inventory (gasoline) very quickly, unlike many smaller gas stations.
-- Written by Bret Kenwell in Petoskey, Mich.