Tom_Killick
Long

APC #Anadarko- At Key Support Level, Fundamentals Show Worth !

NYSE:APC   ANADARKO PETE CORP
188 4 6
Traders,

Technicals: We are at a key level that's been acting on this stock since 2006 as a support and resistance zone (Acted as support since 2011).

A high quality US onshore asset base is complemented by high-margin offshore start-ups at Heidelberg in 2016, while a solid balance sheet is further supported by robust non-core asset sales and a funding vehicle in the form of Western Gas Equity Partners LP (NYSE:WGP). This company has enough potential to take advantage of any improvements in the industry from early 2016's.

Anadarko is expected to fund 2016 growth through disposal of non core assets, or possibly even divestiture plans.. We will see. Could see targets towards $90.

Best of luck
Tom
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Interesting one, the move off the lows is compelling.
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Tom_Killick PRO IvanLabrie
a year ago
Yea, especially long term. Fundamentals are attractive as well. Particularly liking the industry advantages APC will have access to next year.
Especially compelling in the scenario where oil comes to around 55-60$ (My estimate) where DUC's time estimates are likely to surfaced, which should give APC improved fundamental sheets.
+1 Reply
IvanLabrie TOP Tom_Killick
a year ago
Ngas is at a yearly support, might be interesting as well.
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jangseohee
a year ago
target?
snapshot
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