Seeking Alpha

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

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.
Comments (4)
  • BlueCollarBlueDog
    , contributor
    Comments (95) | Send Message
     
    I'll take muscle/steel/engineering over "virtual" anything.
    5 Dec 2012, 07:44 AM Reply Like
  • yeti786
    , contributor
    Comments (281) | Send Message
     
    Folks!
    You may like to see this link before you shoot the messenger - the SA Editor....
    http://yhoo.it/SMBpKU
    Text: in brief -
    NEW YORK (AP) -- "Shares of McMoRan Exploration jumped nearly 50 percent before Wednesday's opening bell, after the Financial Times reported on its front page that the company could be the target of a buyout "
    Thank you all!
    5 Dec 2012, 08:34 AM Reply Like
  • Tridentine
    , contributor
    Comments (36) | Send Message
     
    There is confusion here between FCX copper and gold and Freeport exploration 2 entirely different companies.
    5 Dec 2012, 08:57 AM Reply Like
  • mrsboyle22
    , contributor
    Comments (4) | Send Message
     
    I agree the language is unnecessary....MMR stock (not Free-port, FCX) is indeed up! in pre-market trading....as a take-over candidate should be.
    5 Dec 2012, 09:18 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|