Will More Follow Suit Behind Freeport-McMoRan’s Energy Purchase?

Forbes reported that the recent move into the energy space by copper miner Freeport-McMoRan could be the beginning of moves by companies seeking similar opportunity, as it is speculated that many oil and gas companies may be up for sale.

As quoted in the market report:

Predictably, Wall Street wants to know what energy names could be future takeover targets. With some of the largest oil and gas companies holding massive amounts of cash while dealing with declining output, questions and rumors about increased energy sector mergers and acquisitions activity are to be expected.

To view the whole Forbes report, click here.