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Freeport Haunted by Oil Deals After Commodity Slump: Commodities

2015-01-24 09:27:42| Oil & Gas - Topix.net

Investors were upset two years ago when Freeport-McMoRan Inc., the world's biggest publicly traded copper miner, announced a $9 billion debt-fueled purchase of two oil and natural gas producers. At the time, the Phoenix-based company said the deal would help it diversify, acting as a hedge for potential downturns in their main products, copper and gold.

Tags: deals oil commodity commodities

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