Freeport-McMoran Shocks No One By Shelving IPO Plans For Its Oil & Gas Business

File this under totally expected news: Freeport-McMoran (FCX) has officially withdrawn its registration statement for the planned IPO of its oil & gas business. Although no official reason was provided, I can’t imagine investor appetite for an oil & gas IPO was especially strong in the current environment. In fact, it seems much more likely that we will see…