McMoRan Exploration Co. (NYSE:MMR) is the best energy stock in the Russell 3000 in 2010. McMoRan Exploration Co. (NYSE:MMR) is up an astonishing 131% and is the second best performer overall in the Russell 3000 Index.
As we mentioned earlier in the week, Boone Pickens also has a large position in McMoRan Exploration (MMR) in his hedge fund, BP Capital.
The Russell 3,000 is up 2.7 percent year to date, but the average stock in the index is up 6.9%.
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