again: If the deal falls, fcx rises and pxp drops like a rock. If the deal passes, fcx aborbs the o&g revenue and grows in a way that pxp couldn't do by itself. FCX's financing of this deal makes instant increased margins on the pxp assets and enhanced revenue for shareholders,
If the deal falls, fcx rises and pxp drops like a rock. If the deal passes, fcx aborbs the o&g revenueand grows in a way that pxp couldn't do by itself. FCX's financing of this deal makes instant increased margins on the pxp assets and enhanced revenue for shareholders,
It was about $40 when it was announced last year, and it dropped all the way down to about $30. I would hope that it would pop back to at least $35+. Compare Southern Copper's performance during the same period to see how badly we have fared since the acquisition was announced. It seems awfully "fishy" that the FCX executives personally stand to make million if this deal goes through and the FCX shareholder's don't have a chance to vote
I don't see the deal falling through but if it did, FCX should appreciate substantially. Look at the move when the deal was announced. That downward hit should be reversed. Keep in mind that the MMR deal is separate. For now, I am enjoying the bounce in both FCX and PXP..
Even if both deals fell through I don't see the reversal pop happening curth. FCX has lost it's status as a pure copper/gold miner and the premium that went with it when management announced it's decision to diversify the company. How long will it be until the next acquisition target is announced and how big a hit will the share price take on that announcement? A large element of uncertainty has been added to owning FCX shares that was not there before.
hmmm, you may be right but PXP seems like the only part of the deal that has some positives to it so I would think that it might hit FCX a bit in the short term. MMR part not going through would probably riase the stock price.