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12/25/12Freeport Buying McMoRan Exploration and Plains Exploration: Too Close to Home? (Phil’s Stock World)

Courtesy of Benzinga. Disclaimer: author holds a position [...]

12/25/12Freeport, Plains Exploration and the University of Texas: When is a Deal Too Close to Home? (Phil’s Stock World)

Courtesy of Benzinga. Last week, Benzinga covered the [...]

12/18/12Lee Cooperman Adds To McMoRan Exploration Stake (market folly)

Lee Cooperman's hedge fund firm Omega Advisors just filed a 13G with the SEC regarding their position in McMoRan Exploration (MMR).  Per the filing, Omega has disclosed a 7.5% ownerships take in MMR with 12,417,655 shares. This marks an increase of almost 70% in their aggregate amount of shares owned since the end of the third quarter.  The filing was made due to activity on December 6th. It's also worth pointing out the fine print of Omega's filing: Their 7.5% ownership stake includes...

11/1/12Lee Cooperman's Macro View & Thesis on McMoran Exploration, Sprint Nextel & Tetragon Financial (market folly)

We're posting up notes from the Great Investors' Best Ideas Investment Symposium in Dallas and next up is Lee Cooperman of Omega Advisors.  He talked about his overall macro view and then drilled down on three stock picks. Cooperman's Macro Takeaways He says he's been optimistic the last three years, but is indifferent about markets now.  He thinks we'll see slow growth and no recession (a 1 in 5 chance it happens).  He points to the ECB succeeding in kicking the can down the road and...

10/12/11Earnings Preview: Mcmoran Exploration Co (MMR) Quarterly Results (Robert Weinstein Trading Blog)

Mcmoran Exploration Co (MMR) is due to report earnings before the opening bell on October 17, 2011. Overview MMR trades an average of 2.7 million shares per day. McMoRan Exploration Co., through its subsidiary, McMoRan Oil & Gas LLC, engages in the exploration, development, and production of oil and natural gas offshore in the Gulf of Mexico and [...]

9/23/11Made 38% Profit on MMR Yesterday! (Daily US Stock Market Fundamental & Technical Analysis)

My Star Trading System produced a qualified trade on the November $13 strike price put options of MMR on 9 Sep 2011. I issued that same pick in my Master's Stock Option picks service and bought those options for $2.32. On 22 Sep 2011, I sold the position for $3.20 at a 38% profit! Below is my transaction record and chart: Are you going to miss my next winning trade? Sign up for my Star Trading System training course or my Master's Stock Options Pick Service and profit with me...

1/18/11McMoRan Exploration Q4 disappoints, shares drop (Penny Stock DD)

* Q4 loss $0.75/shr vs est $0.26/shr * Rev down by a quarter at $99 mln vs est $95.8 mln * Sees Q1 production of 175 mmcfe/d * Shares off 4 pct pre market Jan 18 (Reuters) - McMoRan Exploration Co (MMR.N) posted its fourth straight wider-than-feared quarterly loss, as production at the oil and natural gas firm fell [...]

10/18/10McMoRan Exploration Co. Announces Third-Quarter 2010 EPS of ($.26) (Benzinga)

McMoRan Exploration Co. (NYSE: MMR) today reported a net loss applicable to common stock of $25.3 million, $0.26 per share, for the third quarter of 2010 compared with a net loss of $51.9 million, $0.60 per share, for the third quarter of 2009. HIGHLIGHTS Completed agreements to acquire Plains Exploration & Production Company's (NYSE: PXP) shallow water Gulf of Mexico (GOM) shelf assets and to issue $900 million in new equity-linked securities to fund future capital expenditures...

9/29/10Mad Money Lightning Round: Cramer Likes Xerox, Advises Investors To Hold McMoRan Exploration (XRX... (Benzinga)

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he considers Xerox (NYSE: XRX) as a buy. He added that, “They have real earnings power and could move up 30% to 40%." For Clean Energy Fuels (NASDAQ: CLNE), he said that, "I have become jaded. I no longer believe this Congress is going for natural gas. I don't think they're going to get the bill through." Cramer advises the investors to hold onto the shares of McMoRan Exploration (NYSE: MMR) adding, “I think this...

9/21/10McMoRan To Double Interest In PXP's Gulf Of Mexico Properties (Benzinga)

McMoRan Exploration Co. (NYSE: MMR) is acquiring Plains Exploration & Production's Gulf of Mexico Shelf properties, effectively doubling McMoran's interest in the Gulf, according to Dahlman Rose. Dahlman writes "As a result of the transaction, MMR will effectively double its CAPEX commitments, but after a $900MM capital infusion, we estimate MMR can fully fund a three to four rig drilling program (heavily focused on the Ultra Deep Shelf) for at least two years. We estimate that MMR's fully...

9/21/10PXP Announces Sale Of Assets To MMR For Cash And Shares (Benzinga)

Plains Exploration & Production Company (NYSE: PXP) has announced the sale of its Gulf of Mexico shelf properties to McMoRan Exploration (NYSE: MMR) for $75M cash and 51M shares, Dahlman Rose reports. Dahlman writes "At today's closing price of $15.96 for MMR shares, this deal is worth $889MM to Plains. Plains previously announced that it sought to realize $1-2Bn from its Gulf of Mexico asset sales. This transaction puts the company on target toward reaching that goal, and it also gives...

9/21/10Freeport McMoRan Invests In McMoRan Exploration (Benzinga)

In a recent report from Deutsche Bank, Freeport-McMoRan (NYSE: FCX) agreed to purchase US$500m of 5.75% convertible perpetual preferred shares (preferred shares) that McMoRan Exploration Co. (NYSE: MMR) Though MMR shares some key executives with FCX, it is an independent publicly owned company engaged in oil & gas E&P in the shallow waters of Gulf of Mexico. FCX views this transaction as a one-off opportunity hard to pass by, with two of the properties, Davy Jones and Blackbeard viewed as...

2/22/10Updated Position (further net-long) (Centrifugal Deforest)

While we're not banging-higher on the first day of the week (something notable, since the first trading days have been strong-only for several months), we're more or less stable still; holding gains from the recent bounce. Unless and until half-full fools begin to empty, I'm adhering to the adage of not selling into a dull market. I've added further long today, but am so far holding onto hedges. I did close-out MMR-long for now - energy names are weak today in spite of the SII merger (weak...

1/19/10Don’t Miss These Four Post-Holiday Stocks: NBS, MYE, MMR, DIVX (Penny Sleuth)

Each week, we take a look at a list of penny stocks that are exhibiting abnormal volume, strong technicals, upcoming news, or another catalyst that suggested they might be making a material move in the coming week.

1/12/10Trading results 1/12/09 (Robert Weinstein Trading Blog)

Much slower day today I took a lot of stop losses as well. I ended up doing ok in the end with MMR but it was up and down all day. I started out great fading the opening but then I received signals to trade that was stopped out several times reversing the gain [...]

10/16/08California Hedge Fund Manager Charged with “Porfolio Pumping” (Hedge Fund Blogs From HedgeCo.Net)

New York (HedgeCo.Net) - The Securities and Exchange Commission charged San Francisco-based MedCap Management & Research LLC and its principal Charles Frederick Toney, Jr. with defrauding investors via “portfolio pumping.” “Fund investors relied on MMR and Toney to abide by their fiduciary duties and put the fund’s interests ahead of their own,” said [...]

9/7/08(MMR) – McMoran Exploration – outpaced analyst estimates by 47% in the first quarter (Stock Blog Hub)

McMoran Exploration Co. (MMR) posted impressive second-quarter results in mid July that demonstrate the company's ability to profit in this energy environment. Analyst estimates continue to advance, and with shares recently dipping lower, this stock is trading deep into value territory. McMoRan Exploration Co. engages in the exploration and production of crude oil and natural gas [...]

8/31/08(MMR) – McMoran Exploration – outpaced analyst estimates by 47% in the first quarter (Stock Blog Hub)

McMoran Exploration Co. (MMR) posted impressive second-quarter results in mid July that demonstrate the company's ability to profit in this energy environment. Analyst estimates continue to advance, and with shares recently dipping lower, this stock is trading deep into value territory. McMoRan Exploration Co. engages in the exploration and production of crude oil and natural gas [...]


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