Freeport McMoRan April weekly volatility elevated at 48 into Q3 and outlook Freeport McMoRan April call weekly call option implied volatility is at 48, May is at 26, June and August is at 23; compared to its 26-week average of 26 according to Track Data; suggesting large near term price movement into the expected release of Q1 results on April 24.
Freeport McMoRan says conducting review of capital expenditures Freeport-McMoRan announced the company is conducting a review of capital expenditures and other costs in response to the recent decline in oil prices. The review includes evaluation of opportunities to reduce or defer expenditures and potential partnership arrangements. FM O&G has identified multiple additional development opportunities in the Green Canyon area that could be tied back to the Holstein facility and multiple development opportunities in the Marlin area that could be tied back to the Marlin facility. These projects were previously incorporated in the company’s estimates of production and capital expenditures.