- 12 сентября 2013, 22:06
- SeekingAlpha.com. Market Currents
- Freeport McMoRan (FCX +1.1%) sports a solid gain as Barclays analyst David Gagliano suggests the company should covert to an MLP, an idea discussed at length recently with CEO Jim Flores.
- "With producing oil assets backed by hedges, with longer-term U.S.-based copper projects in need of creative financing, and with the stated objective of reducing debt to a targeted level of ~$12B over the next three years, the case for an MLP with sizeable future drop-down potential from FCX is compelling," Gagliano writes.
- FCX is the firm's top pick among U.S. metals and mining, citing "significantly underappreciated company-specific volume growth potential in both copper and energy."
11 марта, 19:30
11 марта, 17:52