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McMoRan Exploration (MMR) -13.2% after its Davy Jones update. MMR was forced to "move up the...

McMoRan Exploration (MMR) -13.2% after its Davy Jones update. MMR was forced to "move up the hole" after a perforating gun malfunctioned, which Jefferies says, "highlights once again the engineering risks of the ultra-deep play." Firm adds: "We continue to see more attractive risk/reward elsewhere in our coverage universe."
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Comments (1)
  • dick roberson
    , contributor
    Comments (61) | Send Message
     
    Knowing the MMR management long term, I disagree with Jefferies opinion. For years they have over come risks where others like Jefferies have not seen the huge values that were created.

     

    Talk to petroleum engineer, Ed Glenn, at RBC Wealth Management.
    He gets the total picture of the UD development. Obviously, Jefferies
    does not.
    27 Mar 2012, 10:02 AM Reply Like
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