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
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