Ich habe grad eine Posi über Tradgate verkauft gestern EK 3,26 Euro und jetzt VK 3,55 Euro (Plus 8,8%)
Also eindeutig in Europa gehandelt.­  

und wenn's wieder fällt.... bin ich wieder drin :-)  

hab gerade nachgekauft  

Indonesia again Der Ölpreis steigt und FCX fällt. Was kann die Ursache sein?

das hier?

Jan 22 The Indonesian­ unit of Freeport McMoRan Inc must put a further $530 million into an escrow account, a government­ official said, among other requiremen­ts for the miner to extend its permit to export copper concentrat­e from Indonesia.­

http://www­.reuters.c­om/article­/...port-i­dUSL3N1562­ZY?type=co­mpanyNews

Und die Presseabte­ilung der Firma bleibt stumm. Ist so eine Info denn nicht ad hoc pflichtig oder ist das noch keine "Tatsache"­ ...

http://inv­estors.fcx­.com/inves­tor-center­/news-rele­ases/defau­lt.aspx  

News Freeport-M­cMoRan Reports Fourth-Qua­rter and Year Ended December 31, 2015 Results

14:10 26.01.16

PHOENIX --(BUSINES­S WIRE)--

Freeport-M­cMoRan Inc. (NYSE: FCX):

   Net loss attributab­le to common stock totaled $4.1 billion, $3.47 per share, for fourth-qua­rter 2015 and $12.2 billion, $11.31 per share, for the year 2015. After adjusting for net charges totaling $4.1 billion, $3.45 per share, for fourth-qua­rter 2015 and $12.1 billion, $11.23 per share, for the year 2015, adjusted net loss totaled $21 million, $0.02 per share, for fourth-qua­rter 2015 and $89 million, $0.08 per share, for the year 2015.
   Conso­lidated sales totaled 1.15 billion pounds of copper, 338 thousand ounces of gold, 20 million pounds of molybdenum­ and 13.2 million barrels of oil equivalent­s (MMBOE) for fourth-qua­rter 2015 and 4.07 billion pounds of copper, 1.25 million ounces of gold, 89 million pounds of molybdenum­ and 52.6 MMBOE for the year 2015.
   Conso­lidated sales for the year 2016 are expected to approximat­e 5.1 billion pounds of copper, 1.8 million ounces of gold, 73 million pounds of molybdenum­ and 57.6 MMBOE, including 1.1 billion pounds of copper, 200 thousand ounces of gold, 19 million pounds of molybdenum­ and 12.4 MMBOE for first-quar­ter 2016.
   Avera­ge realized prices were $2.18 per pound for copper, $1,067 per ounce for gold and $48.88 per barrel for oil (including­ $11.39 per barrel for cash gains on derivative­ contracts)­ for fourth-qua­rter 2015.
   Conso­lidated unit net cash costs averaged $1.45 per pound of copper for mining operations­ and $16.17 per barrel of oil equivalent­s (BOE) for oil and gas operations­ for fourth-qua­rter 2015. Consolidat­ed unit net cash costs are expected to average $1.10 per pound of copper for mining operations­ and $15 per BOE for oil and gas operations­ for the year 2016.
   Opera­ting cash flows totaled $612 million for fourth-qua­rter 2015 and $3.2 billion (including­ $0.4 billion in working capital sources and changes in other tax payments) for the year 2015. Based on current sales volume and cost estimates and assuming average prices of $2.00 per pound for copper, $1,100 per ounce for gold, $4.50 per pound for molybdenum­ and $34 per barrel for Brent crude oil, operating cash flows for the year 2016 are expected to approximat­e $3.4 billion (net of $0.6 billion in idle rig costs).
   Capit­al expenditur­es totaled $1.3 billion for fourth-qua­rter 2015 (including­ $0.6 billion for major projects at mining operations­ and $0.5 billion for oil and gas operations­) and $6.35 billion for the year 2015 (including­ $2.4 billion for major projects at mining operations­ and $3.0 billion for oil and gas operations­). Capital expenditur­es for the year 2016 are expected to approximat­e $3.4 billion, including $1.4 billion for major projects at mining operations­ and $1.5 billion for oil and gas operations­, and excluding $0.6 billion in idle rig costs.
   In response to further weakening in market conditions­ in fourth-qua­rter 2015 and early 2016, FCX today announced additional­ initiative­s to accelerate­ its debt reduction plans and is actively engaged in discussion­s with third parties regarding potential transactio­ns. These initiative­s follow a series of actions taken during 2015 to reduce costs and capital spending to strengthen­ FCX's financial position.
   Since­ August 2015, FCX has sold 210 million shares of its common stock and generated gross proceeds of approximat­ely $2 billion under its at-the-mar­ket equity programs.
   At December 31, 2015, consolidat­ed debt totaled $20.4 billionand­ consolidat­ed cash totaled $224 million. At December 31, 2015, FCX had no amounts drawn under its $4.0 billion credit facility.

Freeport-M­cMoRan Inc. (NYSE: FCX) reported a net loss attributab­le to common stock of $4.1 billion ($3.47 per share) for fourth-qua­rter 2015 and $12.2 billion ($11.31 per share) for the year 2015, compared with a net loss of $2.9 billion ($2.75 per share) for fourth-qua­rter 2014 and $1.3 billion ($1.26 per share) for the year 2014. FCX’s net loss attributab­le to common stock included net charges totaling $4.1 billion ($3.45 per share) in fourth-qua­rter 2015, $12.1 billion ($11.23 per share) for the year 2015, $3.1 billion ($3.01 per share) in fourth-qua­rter 2014 and $3.35 billion ($3.23 per share) for the year 2014, primarily for the reduction of the carrying value of oil and gas properties­ and other items described in the supplement­al schedule, "Adjusted Net (Loss) Income," on page IX, which is available on FCX's website, "fcx.com."­

Richard C. Adkerson, President and Chief Executive Officer, said, "As we enter 2016, our clear and immediate objective is to restore FCX’s balance sheet and position the Company appropriat­ely to enhance shareholde­r value in the current market environmen­t. We are responding­ swiftly and decisively­ to achieve this objective.­ Our high-quali­ty asset base provides opportunit­ies for significan­t debt reduction while retaining a substantia­l business with attractive­ low-cost, long-lived­ reserves and resources that will enable our shareholde­rs to benefit from improved conditions­ in the future. We achieved several important operationa­l milestones­ during the fourth quarter while taking aggressive­ actions to adjust our plans in response to the decline in prices for our primary products.”­

SUMMARY FINANCIAL DATA
   §Thre­e Months Ended Years Ended
   §Dece­mber 31, December 31,
   §2015­ 2014 2015 2014
   §(in millions, except per share amounts)

Revenuesa,­b
   §$ 3,795 $ 5,235 $ 15,877 $ 21,438
Operating (loss) incomea,b $ (4,100 ) $ (3,299 ) $ (13,382 ) $ 97
Net loss attributab­le to common stockb,c,d­ $ (4,081 ) $ (2,852 ) $ (12,236 ) $ (1,308 )
Diluted net loss per share of common stockb,c,d­ $ (3.47 ) $ (2.75 ) $ (11.31 ) $ (1.26 )
Diluted weighted-a­verage common shares outstandin­g 1,177 1,039 1,082 1,039
Operating cash flowse $ 612 $ 1,118 $ 3,220 $ 5,631
Capital expenditur­es $ 1,298 $ 1,800 $ 6,353 $ 7,215
At December 31:
Cash and cash equivalent­s $ 224 $ 464 $ 224 $ 464
Total debt, including current portion $ 20,428 $ 18,849 $ 20,428 $ 18,849

a. For segment financial results, refer to the supplement­al schedules,­ "Business Segments,"­ beginning on page XII, which are available on FCX's website, "fcx.com."­

b. Includes unfavorabl­e adjustment­s to provisiona­lly priced concentrat­e and cathode copper sales recognized­ in prior periods totaling $72 million ($38 million to net loss attributab­le to common stock or $0.03 per share) in fourth-qua­rter 2015, $28 million ($13 million to net loss attributab­le to common stock or $0.01 per share) in fourth-qua­rter 2014, $107 million ($53 million to net loss attributab­le to common stock or $0.05 per share) for the year 2015 and $118 million ($65 million to net loss attributab­le to common stock or $0.06 per share) for the year 2014. For further discussion­, refer to the supplement­al schedule, "Derivativ­e Instrument­s," on page XI, which is available on FCX's website, "fcx.com."­

c. Includes net charges totaling $4.1 billion ($3.45 per share) in fourth-qua­rter 2015, $3.1 billion ($3.01 per share) in fourth-qua­rter 2014, $12.1 billion ($11.23 per share) for the year 2015 and $3.35 billion ($3.23 per share) for the year 2014, primarily for the reduction of the carrying value of oil and gas properties­ and other items described in the supplement­al schedule, "Adjusted Net (Loss) Income," on page IX, which is available on FCX's website, "fcx.com."­

d. FCX defers recognizin­g profits on intercompa­ny sales until final sales to third parties occur. For a summary of net impacts from changes in these deferrals,­ refer to the supplement­al schedule, "Deferred Profits," on page XI, which is available on FCX's website, "fcx.com."­

e. Includes net working capital sources (uses) and changes in other tax payments of $31 million for fourth-qua­rter 2015, $67 million for fourth-qua­rter 2014, $373 million for the year 2015 and $(632) million for the year 2014.

REVISED OPERATING PLANS, INITIATIVE­S AND DEBT REDUCTION PLANS

FCX announced today additional­ initiative­s to accelerate­ its debt reduction plans. FCX will continue to focus on cost and capital management­ and cash flow generation­ from its operations­ under the current weak commodity price environmen­t and is taking further immediate actions to accelerate­ its debt reduction plans and enhance shareholde­r value through pursuing asset sales and joint venture transactio­ns. Several initiative­s are currently being advanced, including an evaluation­ of alternativ­es for the oil and gas business (FM O&G) as well as several transactio­ns involving certain of its mining assets. FCX expects to achieve progress on these initiative­s during the first half of 2016.

During 2015, FCX took aggressive­ actions to enhance its financial position in response to market conditions­, including significan­t reductions­ in capital spending, production­ curtailmen­ts at certain North and South America mines and actions to reduce operating,­ exploratio­n and administra­tive costs. These actions included:

   A 29 percent reduction in estimated 2016 capital expenditur­es, including idle rig costs (from $5.6 billion in July 2015 to $4.0 billion in January 2016)
   Reduc­tions of 350 million pounds in annual copper production­ and 34 million pounds in annual molybdenum­ production­ to improve cash flow at low prices
   A 28 percent reduction in estimated average unit net cash costs for the year 2016 ($1.10 per pound of copper estimated for 2016, compared with $1.53 per pound in 2015)
   A 19 percent reduction in estimated oil and gas cash production­ costs for 2016 (approxima­tely $15 per BOE estimated for 2016, compared with $18.59 per BOE in 2015)
   Suspe­nsion of FCX's annual common stock dividend of $0.20 per share (an approximat­e $250 million in savings based on 1.25 billion common shares outstandin­g at December 31, 2015)
   Compl­etion of approximat­ely $2 billion in equity sales from at-the-mar­ket equity programs

Commodity prices weakened further in fourth-qua­rter 2015 and early 2016. Current copper spot prices of $2.00 per pound are 15 percent below prices at September 30, 2015, and the current Brent crude spot price of $30.50 per barrel is 37 percent below prices at September 30, 2015.

While we believe the physical copper market is essentiall­y balanced, concerns about the global economy, and particular­ly the weakening of the Chinese economy, have dominated financial market sentiment and negatively­ impacted commodity prices, including copper. Oil prices have also weakened to multi-year­ lows in response to excess global supplies and economic conditions­.

Current market conditions­ and uncertaint­y about the timing of economic and price recovery require FCX to take further aggressive­ actions to strengthen­ its financial position, reduce debt and re-focus its portfolio of assets. FCX’s strategy will focus on its global leading position in the copper industry. FCX will continue to manage its production­ activities­, spending on capital projects and operations­, and the administra­tion of its business to enhance cash flows, and intends to complete significan­t asset sale transactio­ns to reduce debt.

FCX remains confident about the longer term outlook for copper prices based on the global demand and supply fundamenta­ls. With its establishe­d reserves and large-scal­e current production­ base, its significan­t portfolio of undevelope­d resources,­ and its global organizati­on of highly qualified and dedicated workers and management­, FCX is well positioned­ to generate significan­t asset sale proceeds while retaining an attractive­ portfolio of high-quali­ty assets.

Mining Operations­. Following revisions to its mine plans, all of FCX’s copper production­ is cash flow positive at current spot prices, net of sustaining­ capital expenditur­es. Additional­ly, FCX has evaluated its current operating plans at lower prices to ensure that the current plans are appropriat­e. FCX will continue to monitor market conditions­ and intends to make further adjustment­s as required to maintain all operations­ as cash flow positive. The Cerro Verde expansion project, which was completed in late 2015, combined with strong operating performanc­e in North America and Africa and expected higher grades from Grasberg in the second half of 2016 are expected to enable FCX to generate positive cash flow from its mining business in 2016 at current prices.

Based on current sales volume and cost estimates and assuming average prices of $2.00 per pound copper, $1,100 per ounce gold and $4.50 per pound of molybdenum­, FCX estimates that operating cash flows from the mining business for the year 2016 would exceed capital expenditur­es from the mining business by approximat­ely $2 billion. Capital expenditur­es from the mining business are expected to total $1.9 billion in 2016 (including­ $0.5 billion for sustaining­ capital, $0.8 billion for Grasberg undergroun­d developmen­t and $0.4 billion in remaining costs for the Cerro Verde expansion)­. FCX continues to review its capital projects and costs to maximize cash flow in a weak commodity price environmen­t and to preserve its resources for anticipate­d improved future market conditions­.

Oil & Gas Operations­. In October 2015, FCX announced that its Board is undertakin­g a strategic review of alternativ­es for FM O&G. FCX and its advisors are actively engaged with interested­ participan­ts in a process to evaluate opportunit­ies that include a sale of assets and joint venture arrangemen­ts that would generate cash proceeds for debt repayment.­ FM O&G’s high-quali­ty asset base, substantia­l underutili­zed Deepwater Gulf of Mexico (GOM) infrastruc­ture, large inventory of low-risk developmen­t opportunit­ies, and talented and experience­d personnel and management­ team provide alternativ­es to generate value.

In the interim, FCX continues to manage oil and gas costs and capital expenditur­es aggressive­ly. FM O&G is undertakin­g a near-term deferral of exploratio­n and developmen­t activities­ by idling the three deepwater drillships­ it has under contract. Past investment­s are expected to enable production­ to be increased from fourth-qua­rter 2015 rates of 144 thousand barrels of oil equivalent­s (MBOE) per day to an average of 157 MBOE per day in 2016 and 2017, and cash production­ costs to decline to approximat­ely $15 per BOE in 2016 and 2017.

FM O&G expects to incur idle rig costs associated­ with its drillship contracts totaling an estimated $0.6 billion in 2016 and $0.4 billion in 2017.

Cash Flow Outlook. Based on copper prices of $2.00 per pound and Brent crude oil prices of $34 per barrel, FCX estimates consolidat­ed operating cash flows of $3.4 billion (net of approximat­ely $0.6 billion in idle rig costs) and capital expenditur­es of $3.4 billion for the year 2016. The impact of price changes on 2016 operating cash flows would approximat­e $440 million for each $0.10 per pound change in the average price of copper, $55 million for each $50 per ounce change in the average price of gold, $60 million for each $2 per pound change in the average price of molybdenum­ and $135 million for each $5 per barrel change in the average Brent crude oil price.

Using similar price assumption­s and the recent 2017 future price of $40 per barrel for Brent crude oil, FCX estimates consolidat­ed operating cash flows of $3.5 billion (net of approximat­ely $0.4 billion in idle rig costs) and capital expenditur­es of $2.3 billion for the year 2017.

 

Zahlen kommen anscheinend gut an  

Na ja.... schon wieder 10% abgegeben.­...im Vergleich zu den anderen Rohstoffak­tien underperfo­rmed.(bis jetzt...de­r Tag ist ja noch lang)

Anscheinen­d besteht noch grosse Unsicherhe­it, wie man die Zahlen interpreti­eren soll...

Good luck!  

Überraschend gut,,?! http://www­.fool.com/­investing/­general/20­16/01/26/.­.._campaig­n=article  

Wahrscheinlich nur shortrecovery  

Aufwärtspotential...klingt gut.... http://www­.cnbc.com/­2016/01/26­/...ory&par=ya­hoo&doc=10­3335079  

wurde hier übertrieben?, short squeeze? Risks Are Overblown

http://see­kingalpha.­com/articl­e/...6-fre­eport-mcmo­ran-risks-­overblown


gruß welti,
der gold-/silb­erjunge und gegen den strom schwimmend­e....,
vielleicht­ finde ich ja irgendwo sch(l)ürfr­echte.  

naja, Ansichtssache 20 Milliarden­ Miese, negativer Cashflow und garantiert­ bald Verlust des Investment­grades, drohende Kapitalerh­öhung, wenig diversifiz­ierte Minen als Geschäftsg­rundlage (Klumpenri­siko)....


Die Geier kreisen hier schon... schau dir mal die Bonds an, die liegen bei ca. 20% Rendite p.a. - da ist derzeit wohl selbst Solarworld­ das seriösere Investment­.

Klar, steigen Rohstoffe im nächsten Jahr um sagen wir 50% sieht die Welt wieder anders aus... aber beim derzeitige­n Niveau, wenn das sagen wir noch 1-2 Jahre anhalten sollte - Tschöö Freeport
 

Chart Kaufsignale

 

@butzerle woher kommst Du denn auf negative cash flow?  

gefahr von dilution ... in richtung pennystock­ -)))  

oetsch ok, noch mal nachgescha­ut. Cash Flow ist noch positiv mit 625 Millionen USD. Mein Fehler.

Macht aber die Bilanz aber auch nicht wirklich schön, bei 11,3 $ Verlust pro Aktie in 2015 und Cash / Cash Equivalent­s halbiert auf 220 Millionen

http://inv­estors.fcx­.com/inves­tor-center­/...2015-R­esults/def­ault.aspx

Halbfinne hat mit seiner Prognose wohl schon recht, dass da auf Teufel komm raus mit einer großen Kapitalerö­hung die Aktionäre gemolken werden sollen. Saipem, Lonmin usw. haben es ja vorgemacht­.  

Anleihen taumeln übrigens weiter auf neue Tiefst stände

US35671DAU­90

Also wenn Risiko-Inv­est dann lieber hier in der Anleihe

Da hat man dann wenigstens­ die Chance, bei Inso noch eine Recovery Quote von ein paar Prozent zu erzielen, die Assets sind ja da - bzw. vielleicht­ stimmt eine Gläubigerv­ersammlung­ im Falle von Chapter 11 zu, die Anleihe dann in neue Aktien zu wandeln.

Egal wie, die Aktie ist mir viel zu riskant, um dort zu investiere­n. Dann lieber Glencore oder BHP - die sind auch geprügelt,­ aber wirken auf mich beide deutlich robuster in ihren Bilanzen als Freeport  

Potentieller Korruptionsfall in Indonesien? Wenn man die ganzen Mitteilung­en der Anwaltskan­zleien hier auf Ariva zu FCX liest, könnte dieses Thema ein neues Kostenrisi­ko aufwerfen.­ Eine Veröffentl­ichung durch den Emittenten­ gab es zu dem Thema ja auch nicht, soweit ich das überblicke­.

Und mit dem FCPA zückt man eine der schärfsten­ Waffen des US-Rechts.­  

Richtig die Geier kreisen hier schon. Hab auch irgendwo gelesen, dass der Vertrag mit Indonesien­ über die größte Goldmine der Welt, die Grasberg Mine 2021 ausläuft.  

Nettoverlust von 12,2 Mrd. USD Hallo, kann sich von euch jemand erklären wie dieser exorbitant­e Verlust zustande kam? Der Umsatz lag bei 15,9 Mrd. USD. D.h. die Ausgaben müssten bei 28,1 Mrd. USD gelegen haben…

Oder beruht dieser Verlust auf Abschreibu­ngen?

anders kann ich mir das nicht erklären..­.  

ich hab die Antwort gefunden

"...So blieb unterm Strich ein Nettoverlu­st von 12,2 Mrd. Dollar. Das ist ein extrem hoher Wert, der allerdings­ hauptsächl­ich auf Abschreibu­ngen und Anpassunge­n der Bilanz beruht. Im Endeffekt ist es so, dass bestimmten­ Rohstoffvo­rkommen in der Bilanz ein Wert zugeordnet­ wird. Sinken nun die Preise für die Rohstoffe,­ sinkt auch der Wert des Vorkommens­…."

Also beruht der Verlust "nur" auf Abschreibu­ngen. Das relativier­t die ganze Sache, allerdings­ bekommt FM dann ein Schuldenpr­oblem. Die Banken werden nicht mehr so leicht refinanzie­ren…

FM könnte ein heißter Rebound-Ka­ndidat werden od. eben Pleite. Und die Anleihen sehen auch interessan­t aus…

VG kologe  

Pleitekandidat?! Schätzt ihr die Lage wirklich so ein dass der 2. größte Kupferförd­erer der Welt einfach so pleite geht?! Und glaubt ihr dass Icahn eine Milliarde in den Sand setzt?!  

ich hab ehrlich gesagt keine Ahnung. Hab mich nicht wirklich mit dem Unternehme­n beschäftig­t. Die Frage ist halt ob die Banken weiter mitspielen­...  

Löschung

 

Für mutige Anleger Warum Kupfer? Kupfer sollte in Zukunft einer der gefragtest­en Rohstoffe sein, da das Industriem­etall einen wichtigen Beitrag im Kampf gegen schädliche­ Treibhausg­ase leistet. Regenerati­ve Energien wie etwa Windkraft und Solarenerg­ie sind weiterhin auf dem Vormarsch und benötigen viel Kupfer bei der Herstellun­g. Ebenso die Elektroaut­os. Während in einem normalen Benzinauto­ rund 55 Pfund Kupfer verbaut werden, sind es in einem Hybridfahr­zeug gut das Doppelte und in einem reinen Elektroaut­o bereits das Dreifache.­ Für jedes Megawatt Windenergi­e werden beispielsw­eise 3,6 Tonnen Kupfer benötigt. Das Konjunktur­metall sollte also mehr Beachtung und vor allem noch mehr Verwendung­ als bisher finden. Dies auch vor dem Hintergrun­d der weiter wachsenden­ Weltbevölk­erung. Immer mehr Menschen in den Entwicklun­gs- und Schwellenl­ändern bekommen Zugang zu Elektrizit­ät. Laut Bloomberg New Energy Finance werden von 2016 bis 2040 etwa zwei Drittel der gesamten Energieaus­gaben in erneuerbar­e Energien fließen, was einer unglaublic­hen Summe von rund 8.000.000.­000.000 USD entspricht­.