McMoRan Exploration Co.

  • Billionaire John Paulson’s Small-Cap Picks

    By Meena Krishnamsetty - June 3, 2013 | Tickers: AMCX, CVC, CZR, MMR, BPOP

    Large institutional investors, such as mutual funds, tend to be less focused on small-cap stocks (which we define as those with market capitalizations between $1 billion and $5 billion), and it’s often suggested that this makes these stocks more likely to be mispriced. Hedge funds that look at these stocks are therefore more likely to find undervalued or overvalued names to trade accordingly.

    Our research has shown that the more »

  • This Fund’s Top Trio May Surprise You

    By Meena Krishnamsetty - May 23, 2013 | Tickers: CYMI, DELL, MMR, VMED

    Hedge funds and other prominent investors are required to file their quarterly equity positions with the SEC in 13F filings within 45 days after the end of each calendar quarter. We're going to take a look at the first-quarter filing of Havens Advisors, managed by Nancy Havens-Hasty.

    Why is this important?

    Empirical studies have discovered that investors who follow specific hedge fund activity can outperform the broader indices by more »

  • Payoffs and Headaches With the New Deals

    By Mike Thiessen - March 25, 2013 | Tickers: FCX, MMR, PXP

    In late December of 2012, Freeport-McMoRan (NYSE: FCX) announced that it would make two blockbuster purchases of fellow raw materials exploration and extraction companies. The first was a $6.9 billion deal with hot oil-and-gas exploration newcomer Plains Exploration Corporation (NYSE: PXP). The second was a long-anticipated transaction that would require it to repurchase all of the outstanding shares of its McMoRan Exploration (NYSE: MMR) subsidiary.

    Although these twin deals more »

  • An Insider Put Half a Million on This Mining Stock

    By Meena Krishnamsetty - March 8, 2013 | Tickers: VALE, FCX, MMR, NEM, SCCO

    Freeport-McMoRan Copper & Gold (NYSE: FCX) stunned its investors last December when it announced that it would buy two related energy companies, including Mcmoran Exploration (NYSE: MMR), which had some time ago been part of the same business as Freeport, and therefore expand its commodities business to include oil and gas. Many market watchers had treasured Freeport-McMoRan as a barometer of copper demand and therefore of global macro activity in general more »

  • This Gulf Oil Producer is Suffering Growing Pains

    By Peter Horn - March 7, 2013 | Tickers: EXXI, XOM, MMR

    Energy XXI (NASDAQ: EXXI) is a Gulf of Mexico shelf oil & gas producer with an acquire-and-exploit business model that’s had a run of big acquisitions in its short lifetime. Management’s built a quality, oil-rich set of assets off-shore Louisiana through a series of purchases. The latest acquisition from ExxonMobil (NYSE: XOM) has been a game changer, while also providing some challenges for the young E&P. Energy XXI more »

  • Double Acquisition - How Can You Profit?

    By Mike Thiessen - January 28, 2013 | Tickers: FCX, MMR, PXP

    In early December, Freeport McMoRan Copper & Gold (NYSE: FCX) announced its intention to acquire McMoRan Exploration (NYSE: MMR) in a cash-for-stock deal valued at roughly $3.4 billion. Despite a lackluster earnings report from the smaller company, the deal now appears likely to close by the end of the second quarter of 2013. 

    At the same time, Freeport McMoRan has also agreed to purchase Plains Exploration & Production (NYSE: PXP) in more »

  • McMoRan Investors Focus Too Much on Davey Jones

    By Mark Holder - January 23, 2013 | Tickers: FCX, MMR, PXP

    Last week, McMoRan Exploration (NYSE: MMR) announced Q4 earnings that provided more of same regarding failures at the high profile Davey Jones #1 well. Considering the potential of the Davey Jones well and the famous pedigree (member of the musical group the Monkees), it can be understandable that investors ignore the other ultra-deep wells.

    Back in December, the leading ultra-deep Gulf of Mexico explorer accepted a buyout along with Plains more »

  • Billionaire Leon Cooperman’s Best Stock Picks

    By Meena Krishnamsetty - January 14, 2013 | Tickers: ATLS, APL, ARP, KFN, MMR

    Compared to their larger peers, small-cap stocks don’t get as much attention in the financial world. Understandably, then, we can expect hedge funds and other top-tier investment vehicles to take advantage of this information inefficiency; we’ve determined that the most popular small-cap stocks among hedge funds can earn about 120 basis points of alpha per month.

    At Insider Monkey, we started publishing a quarterly newsletter at the end more »

  • Freeport McMoRan Earnings Preview: Cheap, But Worth the Risk?

    By Matthew Frankel - January 7, 2013 | Tickers: BHP, FCX, MMR, PXP, RIO, SCCO

    Freeport-McMoRan (NYSE: FCX) is one of the world’s largest copper producers, in addition to being a major producer of gold and molybdenum.  The company operates mines in North America, South America, Indonesia, and Africa.  The company’s stock price has been on a roller coaster ride over the past five years or so, from a split-adjusted high of $63.62 in mid-2008, before the entire market began to collapse more »

  • Looking Back on Credit Suisse's Top 2012 Picks

    By John Macris - January 7, 2013 | Tickers: FCX, FIO, MMR, PXP, S

    How did Credit Suisse's top-rated equities perform during 2012? The Swiss banking giant, which has a strong relationship with my favorite athlete, Roger Federer, made some bold calls during the course of the recent calendar year. Like Federer, Credit Suisse found success in a competitive market environment, but endured several unexpected losses as well.

    While the veteran investor knows it’s always possible to find improvement with 20/20 more »

  • Billionaire Leon Cooperman Thinks Freeport-McMoRan Has It Right

    By Meena Krishnamsetty - January 3, 2013 | Tickers: CAT, XOM, FCX, MMR, PXP

    Freeport-McMoRan (NYSE: FCX) took a punishing hit in the market in early December. At that time the company announced that it would be acquiring Mcmoran Exploration (NYSE: MMR), a company which had split from the larger Freeport-McMoRan organization some time ago, and Plains Exploration & Production (NYSE: PXP) at high premiums to where those stocks were currently trading. This made Freeport-McMoRan, a copper and gold producer which traders had often used more »

  • Buy Freeport-McMoRan as a Real Estate Rebound Play

    By Mark Holder - December 31, 2012 | Tickers: FCX, MMR, PXP, SCCO | Editor's Choice

    With the homebuilders and home improvement stocks already racking up impressive gains over the last year, investors are now looking for derivative plays to benefit from the coming rebound in the domestic real estate market. One of the most appealing stocks might just be copper producer Freeport-McMoRan Copper & Gold (NYSE: FCX).

    The company is one of the world’s largest miners of copper, gold, and molybdenum in terms of reserves more »

  • What the Freeport-McMoRan Acquisition Means for Plains Exploration?

    By Dr. Osman Gulseven - December 18, 2012 | Tickers: CHK, FCX, MMR, PXD, PXP

    Freeport-McMoRan (NYSE: FCX) has made an offer to acquire both Plains Exploration & Production (NYSE: PXP) and fellow junior oil and gas explorer Mcmoran Exploration (NYSE: MMR).  Initially the deal was seen as all positive for the juniors, since both have heavy debt loads and stand to benefit from an infusion of Freeport cash. However, analysts were quick to jump in with downgrades of Plains, since the deal calls for its more »

  • Can Freeport-McMoRan Turn Oil & Gas into New “Gold”?

    By Dr. Osman Gulseven - December 17, 2012 | Tickers: BHP, FCX, MMR, PXP, SCCO

    Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) closed at $38.28 on the afternoon of December 4th 2012.  Twenty-four hours later the share price dropped more than 15%, closing at $32.16.  Investors were deeply concerned with the company’s bold move to acquire Plains Exploration & Production (NYSE: PXP) and McMoRan Exploration (NYSE: MMR)

    In theory, the rationale for the move makes sense.  With mining costs exploding and sources of more »

  • This New Deal Is No Deal For Investors

    By Bill Edson - December 14, 2012 | Tickers: FCX, MMR, PXP

    Freeport-McMoRan (NYSE: FCX) announced plans to buy Plains Exploration & Production (NYSE: PXP) and McMoRan Exploration (NYSE: MMR) for $9 billion in cash and stock.  The deal is met with skepticism from investors who see no clear synergy in putting a mining, an oil exploration and a production company together.  Freeport’s shares lost 16% on the news, while Plains’ and McMoRan’s shares surged 23% and 87% respectively, after the more »

  • Mcmoran Exploration Returns to its Roots

    By Dr. Osman Gulseven - December 13, 2012 | Tickers: BHP, FCX, MMR, PXP, WTI

    Shareholders of oil and gas producer McMoRan Exploration (NYSE: MMR) got an early holiday present when their shares vaulted from $8.36 on Dec. 4 to $15.82 on Dec. 5, almost doubling in price.

    The good news was an announcement the company’s one-time parent, copper mining giant Freeport-McMoRan Copper & Gold (NYSE: FCX), that it intends to acquire Mcmoran, along with another mid-cap oil and gas company, Plains Exploration more »

  • What is Going On with Freeport-McMoMoran?

    By Dr. Osman Gulseven - December 13, 2012 | Tickers: FCX, MMR, PXP, SCCO

    Freeport-McMoRan (NYSE: FCX) generates more copper and molybdenum than any other company in the world. The company has major operations in both South and North America. It is among the globe's largest gold producers, and its assets include the Indonesian Grasberg mining complex (the globe's largest gold and copper mine regarding recoverable reserves). Freeport-McMoRan sold 3.7 billion pounds of copper last year.


    Freeport-McMoRan has a long-standing more »

  • Is This Latest Acquisition a Step in the Right Direction?

    By Naomi Warmate-Igwe - December 13, 2012 | Tickers: BP, FCX, MMR, PXP

    It is no longer news that Freeport McMoRan (NYSE: FCX), a power-player in the copper and gold mining industry, recently acquired two companies at the same time. This is a company that has over the years maintained a strong balance sheet, positive growth, a strong-hold in the industry, and safe dividends. That's why this news sets analysts and investors wondering why it chose to diversify into a sector that more »

  • Dumpster Diving in Natural Resources

    By Joel Eggerding - December 12, 2012 | Tickers: CLF, XCO, MMR, BTU, SGY

    Every stock has a 52 week high and a 52 week low. As an individual investor we should buy at, or near, the 52 week low and look to lock in profits when a stock is hitting its 52 week high. I like to peruse the list of 52 week low stocks -- after all, they are right there in my Wall Street Journal every day. 2 natural resource stocks were more »

  • Will Freeport’s Big Bet Pay Off?

    By Matthew DiLallo - December 11, 2012 | Tickers: BHP, VALE, FCX, MMR, PXP

    Global mining companies are faced with a dilemma.  On the one hand commodity consumers, China in particular, are slowing down as the world still can’t seem to snap out of its economic funk.  This makes planning capital budgets difficult as it’s tough to forecast when and if commodity prices will recover.

    Most mining giants are cutting back on those budgets or canceling projects altogether.  As much as those more »

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