McMoRan Exploration (MMR) is being sued by some investors who believe the pending sale of the company to Freeport-McMoRan Copper & Gold (FCX) discounts the actual worth of their shares. Slumping production at existing natural gas properties, combined with deteriorating fundamentals and continued execution risks in ultra-deep shelf properties, suggest [...]
Ingrates! McMoRan Exploration Holders, Given Drilling Failures, Should Grab Takeover Offer
Forbes - 28 Dec 2012 23:56
McMoRan Exploration (MMR) is being sued by some investors who believe the pending sale of the company to Freeport-McMoRan Copper & Gold (FCX) discounts the actual worth of their shares. Slumping production at existing natural gas properties, combined with deteriorating fundamentals and continued execution risks in ultra-deep shelf properties, suggest [...]
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