The following video is from Friday's Motley Fool Money roundtable discussion with host Chris Hill and analysts Joe Magyer, James Early, and Ron Gross.
In this segment, Freeport-McMoRan Copper and Gold (NYSE:FCX) is buying Plains Exploration (UNKNOWN:PXP.DL) and McMoRan Exploration (NYSE:MMR) for $9 billion in cash and stock. Joe discusses why he doesn't like the deal. James makes the case for diversification.
Chris Hill has no positions in the stocks mentioned above. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.