Tag Archives: Freeport IPO Oil & Gas Business

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

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File this under totally expected news: Freeport-McMoran (FCX) has officially withdrawn its registration statement for the planned IPO of its oil & gas business.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… Read More »

Freeport Says No McMoran To Oil & Gas; Will IPO Portion Of Unit

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All the way back in December 2012, pure play copper mining giant Freeport McMoran (FCX) decided to diversify its asset base by moving into the energy space. The company offered rich premiums to acquire both McMoran Exploration (which it had spun off back in the 90’s) and Plains Exploration & Productions in a widely panned move. It didn’t help that there were numerous ethical… Read More »