10 Best Prefered Stocks For 2015

10 Best Prefered Stocks For 2015: Plains Exploration & Production Company(PXP)

Plains Exploration & Production Company, an independent oil and gas company, primarily engages in acquiring, developing, exploring, and producing oil and gas in California, Texas, and Louisiana. It owns oil and gas properties with principal operations in onshore California; offshore California; the Gulf Coast region, including Haynesville Shale, Eagle Ford Shale, and south and east Texas; the Mid-Continent region; and the Rocky Mountains. As of December 31, 2010, the company had estimated proved reserves of 416.1 million barrels of oil equivalent. Plains Exploration & Production Company was founded in 2002 and is headquartered in Houston, Texas.

Advisors' Opinion:

• [By David Smith]

  The pending purchases
  Aside from its current core metals operations, Freeport is in the process of acquiring a pair of independent oil and gas producers, Plains Exploration & Production (NYSE: PXP  ) and McMoRan Exploration (NYSE: MMR  ) . In December, Freeport announced that it would pay 0.6531 shares of its common stock and $25 in cash for each outstanding share of Plains. In addition, for McMoRan it stated that it would pay $14.75 in cash and 1.15 units of a royalty trust that will hold a 5% overriding royalty interest in McMoRan's shallow water and ultra-deepwater prospects.

• [By Dan Caplinger]

  1 (tie). Louisiana, March 29
  Louisiana climbs to the top spot by keeping property taxes below $750 and collecting just a 4% sales tax, although local options add nearly 5 percentage points to that figure and make the state one of the highest-collecting sales-tax states. Although extensive activity from energy producers Chesapeake Energy (NYSE: CHK  ) , Encana (NYSE: ECA  ) , and Plains Exploration (NYSE: PXP  ) in the Haynesville-Bossier shale play could boost incomes and lead to higher taxes, much of Louisiana's ! sales tax revenue comes from out-of-state tourists visiting the state, leaving the actual amount borne by residents even lower. A 6% income tax isn't enough to push Louisiana out of the top spot.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/10-best-prefered-stocks-for-2015-2.html