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Stock Market & Financial Investment News

News Breaks
March 20, 2014
08:02 EDTFCXFreeport McMoRan Oil & Gas wins 20 tracts in Gulf of Mexico lease sale
Freeport-McMoRan announced that its oil & gas segment, Freeport-McMoRan Oil & Gas was the apparent high bidder on 20 tracts in the Central Gulf of Mexico Oil and Gas Lease Sale 231 with a total investment of approximately $330M net to FM O&G. The bids are subject to approval by the U.S. Bureau of Ocean Energy Management and these potential investments were included in the company’s previously reported FY14 capital budget. FM O&G winning bids were primarily focused on high-impact, drillable targets in the Mississippi Canyon and Atwater Valley areas to complement FM O&G’s existing infrastructure and production facilities and add several new exploration plays. The blocks, which cover approximately 106K gross acres, range in water depths up to 6K feet. The company expects to be notified and designated operator of these blocks by 3Q14.
News For FCX From The Last 14 Days
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March 4, 2015
11:18 EDTFCXStocks with call strike movement; FCX JD
Freeport McMoRan (FCX) August 24 call option implied volatility increased 6% to 42, JD.com (JD) June 32 call option implied volatility increased 1% to 41 according to IVolatility.
March 2, 2015
10:04 EDTFCXFreeport McMoRan tests support, levels to watch
The shares are just above the 50-day moving average, last at $20.75. That moving average has been resistance for the last six months, but has recently become support as the shares have attempted to base and move higher. On a breakdown below the 50-day, next support would be at $20.38 and then at $19.74. If this test of support holds, a leg higher might be possible with next resistance at $21.45.
February 23, 2015
09:50 EDTFCXFreeport McMoRan says pursuing O&G JVs, other transactions
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09:37 EDTFCXFreeport McMoRan CEO says not likely to sell assets
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February 20, 2015
11:31 EDTFCXFreeport McMoRan announces 75MMcf/day productoin test on Highlander discovery
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