We just broke the news about Dan Loeb’s stake in Murphy Oil Corporation (NYSE:MUR) yesterday, and his solid interest in expanding that holding in the future. Loeb is now interested in shaking up Murphy’s business through spin offs that could improve the pricing of Murphy Oil Corporation (NYSE:MUR) stock by 60 percent, as he predicts. Murphy Oil has spoken up and replied to the concerns raised in Third Point‘s Q3 letter to the investors. The company is talking to its other shareholders about how to go about it. In a statement Murphy’s Chairman Claiborne Deming, said:
“The Board and management have been working to evaluate opportunities to illuminate the value in our stock price...
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