McMoRan Exploration (MMR) soars 21% premarket after the FT reports Freeport McMoRan (FCX) is...

|About: McMoRan Exploration Co. (MMR)|By:, SA News Editor

McMoRan Exploration (MMR) soars 21% premarket after the FT reports Freeport McMoRan (FCX) is looking to get back into the energy production business, with MMR acquisition target #1. Another possibility is Plains Exploration (PXP), which has ties to both FCX and MMR.