Thursday, June 10, 2010

Nat Gas update: MMR

McMoRan Exploration Co.
Thursday, June 3, 2 pm Eastern: 10.29
Thursday, June 10, close: 10.69
Gain: +3.89%
Candlestick analysis: "Sell If" (American Bulls)
Summary: Some crummy numbers for margin and returns, plus $374 million in debt. However, they have $267 million in cash and revs are $470 million with rev growth at 36%. Interesting. The past week, though, hasn't been much of a ride for MMR despite Obama's speech. 

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