Ditto the vast dollars relative to its balance sheet that MMR took on to acquire the Newfield properties.
Most analysts think investors should stand pat on Newfield Exploration, with 10 of 20 analysts rating it hold.
Newfield Exploration Co. shares are currently trading off about 4.9% on the day.
Newfield Exploration Co. shares are currently trading off about 6.3% on the day.
Newfield Exploration Co. shares are currently trading down about 17.9% on the day.
As with the Freeport acquisition of Phelps Dodge, the Newfield deal was done with a lot of borrowed capital.
Newfield Exploration Co. shares are currently trading off about 1.9% on the day.
Newfield Exploration Co. shares are currently trading up about 1.8% on the day.
Since November, the Newfield Properties have begun to generate cash flow for McMoRan.
Newfield Exploration Co. shares are currently trading off about 1.2% on the day.
Newfield Exploration Co. shares are currently trading off about 2% on the day.
FORBES: Newfield Exploration (NFX) Shares Cross Below 200 DMA
Newfield Exploration Co. shares are currently trading down about 5.7% on the day.
Newfield Exploration Co. shares are currently trading off about 4.3% on the day.
Other competitors in the energy sector include: Marathon Oil (MRO), EOG Resources (EOG), and Newfield Exploration (NFX).
Lee had once been beaten by the horizon in Waco, working freelance for the governor, tracking a killer named Newfield.
The majority of analysts (55%) rate Newfield Exploration as a buy.
Analysts have become increasingly bullish on Newfield Exploration (NFX) in the month leading up to the company's third quarter earnings announcement scheduled for Tuesday, October 23, 2012.
When the credit markets imploded in August in the first phase of the credit crunch, McMoRan was still trying to raise capital to complete the Newfield transaction.
As of March 10, 2011, the three largest components of the index were Forest Oil Corp. ( FST), Newfield Exploration Co. ( NFX), and Apache Corp ( APA).
Newfield Exploration (NFX) is expected to report poor fourth quarter earnings on Tuesday, February 19, 2013 with analysts expecting a 53.7% drop in earnings from a year ago.
This past summer, McMoRan made a deal with Newfield Exploration to acquire a large number of producing properties from Newfield that included acreage adjacent to the principal areas of McMoRan's drilling programs.
Among the largest underlying components of FXN, in trading today HollyFrontier Corp. ( NYSE: HFC) is up about 0.5%, Sunoco, Inc. ( NYSE: SUN) is down about 0.1%, and Newfield Exploration Co. ( NYSE: NFX) is lower by about 1.7%.
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