- Investopedia•5 hours ago
With Freeport unable to get support from its creditors, the company is looking to circumvent the wish of its lenders by merging with its subsidiary.
Freeport-McMoRan (FCX) is moving ahead with the sale of its $2 billion Gulf of Mexico assets to Anadarko (APC) despite creditors disapproving the deal.
Mozambique Energy Minister Pedro Couto has been sacked, the presidency said on Thursday, a month before Italy's Eni is due to finalise an offshore gas project worth tens of billions of dollars. A separate statement said he had been appointed as president of Mozambique's Cahora Bassa hydroelectric power company. The southern African state discovered offshore gas reserves six years ago amounting to some 85 trillion cubic feet, one of the largest finds in a decade and enough to supply Germany, Britain, France and Italy for nearly two decades.
Anadarko Petroleum Corporation (APC)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||62.84 x 100|
|Ask||62.85 x 300|
|Day's Range||62.50 - 63.85|
|52wk Range||28.16 - 73.87|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-6.14|
|Avg Vol (3m)||5,384,328|
|Dividend & Yield||0.20 (0.33%)|