Out Fox The $treet

Freeport-McMoRan agrees to dump the Deepwater Gulf of Mexico assets once coveted. The large copper miner is again dumping assets at the lows in the commodity cycle. The company is now positioned for any upside in copper prices. After the close,  Freeport-McMoRan (NYSE: FCX )   announced  the move to unload oil and gas properties to  Anadarko Petroleum (NYSE: APC ) . The move is consistent with plans announced by the copper miner to unload assets in a goal to reduce debt levels. Read the full article on Seeking Alpha. Long FCX. Please read the full article on Seeking Alpha.

After more than doubling in value in the last couple of years, EOG Resources Inc ( NYSE: EOG     ) is now large enough to be counted as an oil major. The valuation has surged to over $60 billion, yet the company continues to produce substantial growth rates from oil production. EOG Resources is now slightly larger than  Anadarko Petroleum Corporation ( NYSE: APC     ) and has long passed Apache Corp ( NYSE: APA     ) due to industry-leading growth for its size from identifying and developing new shale plays, especially in oil-rich areas. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

 After more than doubling in value in the last couple of years, EOG Resources Inc ( NYSE: EOG     ) is now large enough to be counted as an oil major. The valuation has surged to over $60 billion, yet the company continues to produce substantial growth rates from oil production.  EOG Resources is now slightly larger than  Anadarko Petroleum Corporation ( NYSE: APC     ) and has long passed Apache Corp ( NYSE: APA     ) due to industry-leading growth for its size from identifying and developing new shale plays, especially in oil-rich areas.  Read the full article here .  Disclosure: No positions mentioned. Please read the disclaimer page for ore details.