Freeport McMoRan CEO says no longer a single asset company Adkerson says asset in Indonesia one of a set of "great" assets now owned by the company, including its newer oil & gas holdings. Adkerson says "confident" situation in Indonesia will be resolved. Freeport sees Indonesia to account for about 20% of company's 2014 EBITDA. Comments from Freeport-McMoRan President & CEO Richard Adkerson speaking at the Bank of America Merrill Lynch Global Metals, Mining & Steel conference.
Freeport McMoRan call activity attributed to takeover speculation Freeport McMoRan May 23 and 23.5 calls are active on total call volume of 14K contracts (1K puts) on takeover speculation. May call option implied volatility is at 34, June is at 40, October is at 38; compared to its 26-week average of 40. Active option volume suggests traders taking positions for wide price movement.