I think the shareholders should know when their "can't miss' dry holes are swept under the forget me rug. Motley Fool - thanks for noticing another shady presentation by the boys. Tara is a major glue bucket. I hope that is it. `
This just in: copper price eases on increase in supply coming from Indonesia. Who did not see that coming? Well, as I recall, we base our sales outlook at 3.25 for copper. Also someone reported that burried in the recent report was a report of another dry hole. Got to hand it to these guys, they seem to be on a roll of sorts.
The management is trying to exchange current revenue generating assets to assets with more future POTENTIAL. The copper , especially. from Indonesia is gradually going to get less and less profitable as nationalistic governments come in. We dont live any world where you can get concessions like colonial companies fooling ignorant natives. They have increased production from low margin mines this year and sucked up last barrel of Oil from eagle Ford before they transferred the assets. They need to keep doing this gimmicks and hope to strike Big oil to stay afloat. Right now it is a highly leveraged company with management looking to gamble away your retirement
FCX was gutted by the agreement so its natural the market will react as such. In the bigger picture this doesn't mean much though. FCX can easily recover from this event.
Yeah: #$%$ me off! I bought a copper and gold miner...Not a risky deep water oil company.
One major blow-out, a string of dry holes or a couple of giant hurricanes and we are sunk.
Soon we'll be back to my base line and then i'm bailing!
Too much management without enough to do for their inflated take.
Nice try! I am not a rookie trader just a person who speaks the truth..Let the financial facts speak for themselves....I say again...watch the blow up at 39...
I agree. He is a rookie trader, but tries to talk like he is a real pro. Please ignore and do not follow his stupid trades.
As per the norm, the CNBC DISINFO channel is trying to sucker retail baggies into buying gazillions of ultimately WORTHLESS FCX CALL options.
FACT: despite its very positive oil and gas segment, FCX is one of THE MOST OBSCENE STOCK BUBBLES in history, given that it has yet to WRITE OFF its effectively WORTHLESS gold and silver segment.
Since golds and silvers NO longer offer one speck of "flight to safety" value any longer, having FAILED as such during all recent financial storms and international political crises, that makes ALL golds and silvers effectively WORTHLESS---and when is FCX going to take the REQUIRED hit and WRITE DOWN a good chunk of its alleged asset value?????
Until such time, FCX is, at best, a $20 stock masquerading as a 38 buck stock!!!