In its first earnings release since the announcement that it would be acquired by Freeport-McMoRan , McMoRan Exploration is widely expected to turn a net loss for the fourth quarter and full year of 2012. Investors of both companies will certainly be on the lookout for news on MMR's Davy Jones well off the Gulf Coast. News on either side of neutral will likely have an affect on both share prices. Stay tuned for Friday's release but check out the video below for a more detailed preview from Motley Fool energy and materials analyst, Taylor Muckerman.
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After putting together a blockbuster deal to expand into the oil and natural gas industry, Freeport-McMoRan will have plenty on its plate as it tries to adapt to the new industry, as expanding into oil and gas carries plenty of inherent volatility. FCX had a profitable copper business, and on top of this foray into a new industry, it still has to contend with mining industry bellwether BHP Billiton. To help investors determine if Freeport-McMoRan is a buy or a sell, we've compiled a brand new premium report on the company! Click here now to gain instant access!
The article McMoRan Exploration Earnings Preview originally appeared on Fool.com.Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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