Best Logistics Companies To Invest In 2015

Best Logistics Companies To Invest In 2015: McMoRan Exploration Company (MMR)

McMoRan Exploration Co. engages in the exploration, development, production, and marketing of oil and natural gas in the shallow waters of the Gulf of Mexico and onshore in the Gulf Coast area of the United States. It is involved in lifting oil and natural gas to the surface; and gathering, treating, and processing hydrocarbons to extract liquids, such as ethane, propane, butane, and natural gasolines from natural gas. The company also provides exploration and production technologies, including the incorporation of 3-D seismic interpretation, offshore drilling to total depths, and horizontal drilling. As of December 31, 2012, it owned or controlled interests in 1,003 oil and gas leases in the Gulf of Mexico, and onshore Louisiana and Texas covering approximately 511,000 net acres. The company had estimated proved oil and natural gas reserves totaling 219.9 billion cubic feet equivalent. McMoRan Exploration Co. was founded in 1994 and is headquartered in New Orleans, Louisi ana.

Advisors' Opinion:

• [By David Smith]

  The pending purchases
  Aside from its current core metals operations, Freeport is in the process of acquiring a pair of independent oil and gas producers, Plains Exploration & Production (NYSE: PXP  ) and McMoRan Exploration (NYSE: MMR  ) . In December, Freeport announced that it would pay 0.6531 shares of its common stock and $25 in cash for each outstanding share of Plains. In addition, for McMoRan it stated that it would pay $14.75 in cash and 1.15 units of a royalty trust that will hold a 5% overriding royalty interest in McMoRan's shallow water and ultra-deepwater prospects.

• [By Matt DiLallo]

  While it has diversity among metals, the company is also in the final stages of adding even more diversity among commodities. It has pending deals to acquire both McMoRan Exploration (NYSE: MMR  ) and Plains Ex! ploration and Production (NYSE: PXP  ) . When the deals close, Freeport will shift its revenue mix from 100% mining related to around 75% mining and 25% oil and gas. That makes the company a truly diversified economic indicator as copper, oil, and natural gas are much more important to our economy than aluminum.

• [By Rich Duprey]

  While there was a lot of grousing, the miner was returning to its roots as a multiline resources company -- it will also be purchasing McMoRan Exploration (NYSE: MMR  ) , a driller it had spun out in the 1990s -- after a series of mishaps and deadly accidents at its huge Grasberg mine, it could be the drilling operations that Freeport relies upon to see it through.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/best-logistics-companies-to-invest-in-2015-2.html