APC

Anadarko Petroleum Corporation

Energy, Event Driven/Special Sit


Presented:07/30/2014
Price:$109.87
Cap:$55.60B
Current Price:no data
Cap:no data

Presented

Date07/30/2014
Price$109.87
Market Cap$55.60B
Ent Value$65.48B
P/E RatioN/A
Book Value$38.90
Div Yield1.3%
Shares O/S505.96M
Ave Daily Vol3,640,000
Short Int2.25%

Current

Priceno data
Market Capno data
Anadarko Petroleum Corporation is engaged in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The company explores for and produces natural gas, crude oil, condensate, and natural gas liquids (NGLs). It also operates and provides gathering, processing, treating, and transportation systems and services. In addition, the company sells oil, natural gas, anticipated liquefied natural gas, and NGLs of third-party purchased volumes. As of December 31, 2013, it had approximately 2.8 billion barrels of oil equivalent of proved reserves. Anadarko Petroleum Corporation’s asset portfolio includes U.S. onshore resource plays in the Rocky Mountains area, the southern United States, the Appalachian basin, and Alaska; the deepwater Gulf of Mexico; and in Algeria, Mozambique, Ghana, China, Brazil, Kenya, Côte d’Ivoire, Liberia, Sierra Leone, New Zealand, Colombia, South Africa, and internationally. The company was founded in 1959 and is headquartered in The Woodlands, Texas.

Publicly traded companies mentioned herein: Anadarko Petroleum Corporation (APC), Tronox Limited (TROX), Western Gas Partners, LP (WES)

Highlights

Now that Anadarko’s issues with Tronox and the Macondo incident are “in its rear view mirror,” the presenter expects shares – which he believes are materially undervalued – to perform well. He is long the stock and sees upside potential to the $160-170 range over the next 12-18 months. He noted that APC’s management – which he characterized as “the best in mid-cap E&P” - is keenly aware of how undervalued shares appear to be at this time.

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Idea Discussion

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