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FCX and Linn Energy

Posted on 10/2/15 at 11:27 pm
Posted by GREENHEAD22
Member since Nov 2009
19575 posts
Posted on 10/2/15 at 11:27 pm
Been eyeing these two hard, anyone have any insight to either? I know Moffett can be a reckless idiot and they over paid for McMoran and the other oil company awhile back. However I know Icahn has been looking into them and they have some pretty good mining assets.
Posted by GREENHEAD22
Member since Nov 2009
19575 posts
Posted on 10/2/15 at 11:41 pm to
Also how is Monsanto looking right now? I AG is headed for a slump.
Posted by Alahunter
Member since Jan 2008
90738 posts
Posted on 10/3/15 at 5:45 am to
I bought in with FCX a little back in early September. You're right in their assets and purchase. I think they will rebound. China's market crashing and the drop in copper hurt, but I read yesterday that some mines in Chile are going to cut copper production, so that may help raise prices soon. I'm planning on holding long term and will buy more as I can. Be aware, I am new into stocks and the market.

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This post was edited on 10/3/15 at 10:17 am
Posted by Me4Heisman
Landmass
Member since Aug 2004
5509 posts
Posted on 10/3/15 at 8:17 am to
Linn is probably heading towards BK so I'd stay away for now.
Posted by GREENHEAD22
Member since Nov 2009
19575 posts
Posted on 10/5/15 at 6:40 pm to
Bump for the weekday crew.
Posted by Alahunter
Member since Jan 2008
90738 posts
Posted on 10/7/15 at 12:40 pm to
FCX up 9.89% today so far, from yesterday.

Wished I had gotten more when I did last month.
Posted by TJG210
New Orleans
Member since Aug 2006
28332 posts
Posted on 10/7/15 at 12:48 pm to
I'm kicking myself in the arse for not buying Stone Energy when it was $4.00.

Posted by Alahunter
Member since Jan 2008
90738 posts
Posted on 10/7/15 at 1:02 pm to
Wow.. it's taken off!
Posted by Alahunter
Member since Jan 2008
90738 posts
Posted on 10/7/15 at 1:26 pm to
Freeport-McMoRan Inc. (NYSE: FCX) announced that it has entered into an agreement with Carl C. Icahn and his affiliates. In connection with this agreement, Andrew Langham and Courtney Mather have been appointed to FCX’s Board of Directors. With these additions, the FCX Board is comprised of eleven directors, nine independent directors and two executive directors.

Andrew Langham has been General Counsel of Icahn Enterprises L.P. since January 2015 and was previously Assistant General Counsel since 2005. Courtney Mather has served as a Managing Director of Icahn Capital LP since April 2014.

Carl C. Icahn, together with his affiliates, beneficially owns approximately 100 million shares of FCX common stock, which represents approximately 8.8% of FCX’s outstanding shares.


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