Freeport-McMoRan's aggressive debt reduction in it's oil/gas assets has given Elk a real 'cash cow' of an asset in my opinion,what an excellent strategic acquisition; gas for cash and a CO2 source to recharge another 'old oil-field'.
Freeport-McMoRan's is reducing debt in it's oil & gas assets to balance the books and develop it's world class copper interests.
Worth researching in my opinion for those with a long term outlook I have a 50 cent plus target price when Grieve oil starts to flow.
I had to top up today also.
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- Ann: Elk to acquire Freeport-McMoRan's Wyoming Gas, CO2 Assets
Ann: Elk to acquire Freeport-McMoRan's Wyoming Gas, CO2 Assets, page-4
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