TraderTate + 186 TS December 6, 2017 Not sure if Anadarko is a good buy or not. I see analysis on the company that suggests they could see a turnaround because of 'bullish' oil prices, but I'm not sure I'm ready to call this an oil bull market just yet, despite the new OPEC deal and the immediate price response to that. And when it comes to Anadarko, they've lost 30% of their market cap this year. They also saw production drop 20% in Q3. Growth prospects seem to be improving now, but I'm not sure on the timing ... Quote Share this post Link to post Share on other sites
LAOIL + 33 OS December 6, 2017 $APC has done some great work cutting costs--especially for transportation, but I'm not quite ready to buy into the turnaround... Quote Share this post Link to post Share on other sites
Carlsbad + 19 CB December 6, 2017 They lost a lot in the hurricanes, so chances of a turnaround might be a bit easier in terms of production 'growth'... Quote Share this post Link to post Share on other sites
TomTom + 183 December 6, 2017 APC has indeed cut costs, but this could come at the expensive of production... not a good thing when oil prices are around $60 Quote Share this post Link to post Share on other sites
Rodent + 1,424 December 6, 2017 Cost-cutting, yes, but Anadarko's expenses are up nonetheless, particularly from exploration and drilling--a good thing at $60 if they hope to survive. Quote Share this post Link to post Share on other sites
Stephen + 67 SM December 7, 2017 I believe the weakness could be a buying opportunity. Anadarko has been struggling with losses and negative free cash flows, due the low production volumes and high spending levels but it will likely turn around in 2018. According to some reports, the company could post a 25% increase in operating cash flows nest year. Quote Share this post Link to post Share on other sites
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