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Freeport Acquires McMoRan, Plains Exploration
Wednesday, December 5, 2012 - 10:04am | 359Read More...Freeport-McMoRan Copper & Gold (NYSE: FCX) purchased McMoRan Exploration (NYSE: MMR), an oil and gas company that split from Freeport in 1994, the Financial Times reported early this morning. The company also acquired Plains Exploration (NYSE: PXP). Freeport and McMoRan have remained tight...
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Dahlman Rose Maintains Buy Rating, $18 PT On MMR
Wednesday, January 19, 2011 - 11:42am | 128Read More...Dahlman Rose is maintaining its Buy rating and $18 PT on McMoRan Exploration Company (NYSE: MMR), which it says “remains an interesting story, as our NAV is $20/sh.” “However, we estimate the company is trading at 16.2x our 2011 EBITDAX estimate of $235MM,” Dahlman Rose writes. “The multiple is at...
