McMoRan Drowning in Davy Jones’ Locker

Posted on November 27, 2012 at 15:48 PM EST

McMoRan Exploration has dropped more than 30% in two days thanks to more setbacks at its Davy Jones field ... but it's still only a "value" as a speculative bet.

Related Stocks:

Chevron ENERGY USD UNRESTR JPMorgan Chase & Co. McMoRan Exploration Co. Plains Exploration & Production Co.

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