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Hi Brian,

Thanks for your points.

When I looked at both MMR and PXP, the latter clearly was the better company. I knew BP had sold some property rights in the Gulf, but hadn't connected it to Plains and this deal, so thanks for that, as well.

If FCX had to get into the oil business, getting Plains was probably a good move. What really bothered me was the apparent self-dealing in coupling that with MMR.

Cheers,
Jim
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