The winners in Exxon, Occidental Pete, Freeport McMoran, Silver Wheaton, got a bruised today.
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Prior to the problems with BBE, McMoRan discovered the first offshore Frio sands in this well.
McMoRan and Stone are both speculative and intriguing investments, but the two companies are quite different.
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The more McMoRan and its team work through the seismic data the more they learn.
Over the last three years, McMoran has increased the number of its outstanding shares very dramatically.
Now, the short interest in McMoRan is close to 20% of the shares outstanding.
The chosen vehicle was McMoRan Exploration (nyse: MMR - news - people ).
Freeport shed some light on the pending acquisitions of McMoran Exploration and Plains Exploration and Production.
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Freeport McMoran Copper now faces a new problem related to its Indonesian mining operations.
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Click here for a video with more information on Michael Burke's recommendation of Freeport McMoran.
Stocks like Freeport-McMoRan, Vale and Peabody Energy sell on a construct of normalized 2014 earnings power.
Freeport McMoRan trades at a discount to its 3-year average price-to-sales ratio of 2.218.
Lappin, Gramercy Capital and its clients own shares in McMoRan and Energy XXI at this time.
Lappin, Gramercy Capital, and its clients own shares in Energy XXI and McMoRan at this time.
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McMoran will need a lot more cash to finish work on all its challenging wells.
McMoran and its partner Energy XXI have worked patiently to move this drilling program forward.
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Over the last year or two, McMoRan has been quietly accumulating extensive acreage onshore Louisiana.
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And Freeport McMoRan, Grasberg's owner, claims to be the largest single taxpayer to the Indonesian government.
Freeport had exited its energy business in 1994 by spinning off McMoran Exploration as a separate company.
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Google, Apple, Amazon, Baidu, IBM, Hewlett-Packard, Deere, Peabody Energy, Arch Coal, Natural Resource Partners, and Freeport McMoRan.
Steep decline rates mean McMoRan needs to keep drilling to grow top-line production and replace used reserves.
Plains will own 23% of the new McMoran and have 2 seats on its Board of Directors.
McMoran went back into Blackbeard with heavier equipment and discovered natural gas reservoirs hundreds of feet thick.
Ultra Deep wells are fantastically expensive, especially for a small oil and gas exploration company such as McMoran.
Barrick Gold, GoldCorp, and Freeport McMoran are among some of the underperformers within the mining group.
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He has been a director since 1994, but has only recently begun loading up on his McMoRan holdings.
Last year, particularly as credit markets began to tighten, McMoRan had a rocky ride in the stock market.
However, at least when it comes to the deal for McMoRan Exploration, the news is not all that stunning.
Leaders in that quest include McMoRan, Energy XXI, Plains Petroleum and among the majors, Chevron and Exxon Mobil.
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The McMoran Exploration portfolio is expected to provide a large, long-term and low cost source of natural gas production.
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