APC

Anadarko Petroleum Corporation

Energy


Presented:01/22/2014
Price:$82.88
Cap:$41.70B
Current Price:no data
Cap:no data

Presented

Date01/22/2014
Price$82.88
Market Cap$41.70B
Ent Value$53.74B
P/E RatioN/A
Book Value$38.90
Div Yield1.3%
Shares O/S503.27M
Ave Daily Vol4,340,000
Short Int1.43%

Current

Priceno data
Market Capno data
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of natural gas, crude oil, condensate, and natural gas liquids (NGLs) in the United States and internationally. The company operates in three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores for and produces natural gas, crude oil, condensate, and NGLs. The Midstream segment provides gathering, processing, treating, and transportation services to oil, natural gas, and NGLs producers, as well as owns and operates gathering, processing, treating, and transportation systems in the United States. The Marketing segment sells oil, natural gas, and NGLs in the United States; and markets oil from Algeria, China, and Ghana. As of December 31, 2012, the company had approximately 2.6 billion barrels of oil equivalent of proved reserves. Anadarko Petroleum Corporation was founded in 1959 and is headquartered in The Woodlands, Texas.

Highlights

The presenter characterized Anadarko (APC) as the “best company in the E&P industry” and is long its shares. While he believes APC’s liability related to the Kerr-McGee fraudulent conveyance/ environmental cleanup case should be zero based on the evidence presented, he speculated that APC’s Chairman, President and Chief Executive Officer Al Walker “will likely settle” if the penalty falls in the $3-5 billion range. APC is appealing the ruling, and Judge Allan Gropper’s decision on the penalty (which could range from $5-14 billion) is still pending, so a settlement would lift a huge pressure off of the stock. Having said that, the presenter also thinks APC “could get lucky” in the Supreme Court.

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Idea Discussion

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