Thursday, January 24, 2013

McMoRan Investors Focus Too Much on Davey Jones


Last week, McMoRan Exploration (NYSE: MMR) announced Q4 earnings that provided more of same regarding failures at the high profile Davey Jones #1 well. Considering the potential of the Davey Jones well and the famous pedigree (member of the musical group the Monkees), it can be understandable that investors ignore the other ultra-deep wells.

Back in December, the leading ultra-deep Gulf of Mexico explorer accepted a buyout along with Plains more »


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