Energy & Commodities

This Global Mining Giant Is Spending $9 Billion to Get Into the Energy Business

Nathan Slaughter
February 13, 2013

A deep-pocketed mining conglomerate has just anted up $9 billion to make a high-stakes wager on energy.  Freeport McMoRan (NYSE: FCX) is best known for its massive metals hoard, most notably the Grasberg complex in Indonesia, which is the largest gold mine and third biggest copper mine on the planet. With operations on four continents, the company holds 102 billion pounds of copper reserves, 40 million ounces of gold, 266 million ounces of silver, 2.5 billion pounds of molybdenum, and 700 million pounds of cobalt.#-ad_banner-# Starting soon, this world-class… Read More

A deep-pocketed mining conglomerate has just anted up $9 billion to make a high-stakes wager on energy.  Freeport McMoRan (NYSE: FCX) is best known for its massive metals hoard, most notably the Grasberg complex in Indonesia, which is the largest gold mine and third biggest copper mine on the planet. With operations on four continents, the company holds 102 billion pounds of copper reserves, 40 million ounces of gold, 266 million ounces of silver, 2.5 billion pounds of molybdenum, and 700 million pounds of cobalt.#-ad_banner-# Starting soon, this world-class asset portfolio will be joined by millions of barrels of crude oil and trillions of cubic feet of gas.  On Dec. 5, Freeport McMoRan extended a bold $9 billion buyout offer ($20 billion including the assumption of debt) for two mid-tier exploration and production (E&P) firms.  The first target is McMoRan Exploration (NYSE: MMR), which, as you might guess, once belonged to Freeport McMoRan. MMR gained its independence via spin-off in the mid-1990s. After amassing 255 billion cubic… Read More

This North American Miner is Sitting on a 30-Year Supply of a Scarce Metal

SA Analysts
February 11, 2013

Smartphones are exploding in popularity. What was once considered a tool just for the tech-savvy or on-the-go business professionals has become a ubiquitous tool in communication.  Even the most pessimistic estimates project 400 million units being shipped in 2013. This is up from a little more than 50 million in 2006.   This high demand has launched a marketing war between the various handset makers. Leaders in the space — Apple (Nasdaq: AAPL), Samsung (OTC: SSNLF) and Nokia (NYSE: NOK) — spend billions on research and development, and marketing efforts to create and popularize the next hot smartphone.#-ad_banner-#   They… Read More

Smartphones are exploding in popularity. What was once considered a tool just for the tech-savvy or on-the-go business professionals has become a ubiquitous tool in communication.  Even the most pessimistic estimates project 400 million units being shipped in 2013. This is up from a little more than 50 million in 2006.   This high demand has launched a marketing war between the various handset makers. Leaders in the space — Apple (Nasdaq: AAPL), Samsung (OTC: SSNLF) and Nokia (NYSE: NOK) — spend billions on research and development, and marketing efforts to create and popularize the next hot smartphone.#-ad_banner-#   They know that by gaining the loyalty of customers, it’s likely that they will remain customers for life, creating a long-term income stream.    While people can make money by investing directly into the smartphone makers, savvy investors can step above the market share war and profit handsomely.   The way to do that is by simply asking, “What are the common ingredients used in all smartphones?”   Obviously, every… Read More

90% Of The World’s Oil Rigs Depend On This Company

Chad Tracy
February 11, 2013

At StreetAuthority, we’ve been paying a lot of attention to the energy renaissance currently happening in the United States. It’s an exciting time to be an investor in the energy sector. The country’s oil and natural gas reserves are so big, the United States could soon become the world’s largest oil producer. The Associated Press has released a report saying the United States could in fact pass Saudi Arabia in terms of energy production as soon as 2020.  Needless to say, investors who make smart investments now could… Read More

At StreetAuthority, we’ve been paying a lot of attention to the energy renaissance currently happening in the United States. It’s an exciting time to be an investor in the energy sector. The country’s oil and natural gas reserves are so big, the United States could soon become the world’s largest oil producer. The Associated Press has released a report saying the United States could in fact pass Saudi Arabia in terms of energy production as soon as 2020.  Needless to say, investors who make smart investments now could see windfall profits during the next decade. This is why Game-Changing Stocks expert Andy Obermueller says we are at the beginning of a “North American Energy Boom.” He has done extensive research on this topic, and subscribers who took his advice back in May 2012 and bought shares of Cheniere Energy (NYSE: LNG) are up more than 40% on the recommendation. However, some investors are still skittish about investing in this highly competitive industry. With good reason, they worry about… Read More