Anadarko Petroleum Corp (NYSE:APC)

CAPS Rating: 5 out of 5

The Company's primary line of business is the exploration, development, production, gathering, processing and marketing of natural gas, crude oil, condensate and NGLs.

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Player Avatar TMFDeej (99.46) Submitted: 6/24/2010 9:22:02 AM : Outperform Start Price: $40.22 APC Score: -0.46

Anadarko is a well-run E&P with a diverse portfolio that has been absolutely hammered as a direct result of BP's complete incompetence. Yes, APC owned 25% of the Horizon well...but BP's gross negligence caused this mess, it was not Anadarko's fault. Hopefully courts realize this and stick BP with most of the fines.Once this mess is finally over, APC should be a solid double if the price of oil hangs around $75/barrel or higher.Deej

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Member Avatar portefeuille (99.56) Submitted: 6/24/2010 11:20:47 AM
Recs: 0

but BP's gross negligence caused this mess
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glad we don't have to wait for any results of the investigations ...

Member Avatar TMFDeej (99.46) Submitted: 6/24/2010 1:49:37 PM
Recs: 1

Me too ;). There's way too much smoke here for there not to be any fire. BP has a long track record of cutting corners at the expense of safety. They got lucky and didn't have an accident for a year or two and all of a sudden everyone thought that they had turned a corner. I guess not.

Deej

Member Avatar alberta911 (75.54) Submitted: 6/28/2010 9:15:21 PM
Recs: 1

I was born @ night....but not last night
Laughable Anadarko, CEO, and Goldman would try and claim ignorance as to BP's drill procedures and problems. Every morning Halliburton send the "Morning Driller's Report". If the well operator wants to change the drill program, it requires approval of the Joint Venture partners Mitsui and Anadarko must sign off...

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