Anadarko Petroleum Has Strong Growth Potential
Andrew Sachais submits:As with every New Year, there is a feeling of a fresh start in the air, and Anadarko Petroleum (APC) is hoping one of those fresh starts can come their way. The energy sector was shaken up due to the BP oil spill in 2010 and APC saw the repercussions in full force. Their per share price fell from $70 to around $34 in the peak of the disaster, and there was a very grim outlook. However, the energy sector in 2011 looks revamped, highlighted by their strong technicals and undervalued share prices. In the mix is APC who has both, as well as a strong growth potential. The world market looks for strong growth in 2011 as well, and APC rigs can be found off the coast of many of the world’s fastest growing countries. In the most recent Q3 earnings call, the executives emphasized not only the growth in exploration in places such as Brazil who look to increase infrastructure and would need a great deal of energy to match its expansion rate, but they also noted that the drilling and other such activities have been a success in these areas. Furthermore, the executives made it clear that 2011 will be about increasing shareholder return and a positive externality of this just happens to include the strengthening of their balance sheet.Complete Story »
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