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$APC Anadarko to shut in production at four Gulf of Mexico platforms
Anadarko Petroleum (APC) is the latest oil and gas producer to announce it is removing all non-essential personnel from its eastern U.S. Gulf of Mexico oil and gas platforms as a tropical storm approaches.
APC says it is evacuating all workers and shutting in production at the Constitution, Heidelberg, Holstein and Marco Polo platforms.
Chevron, Royal Dutch Shell, BP and BHP said earlier that they were removing staff from a combined 15 GoM energy platforms.
The National Hurricane Center expects a tropical depression to form in the northern Gulf late today or early tomorrow, with the potential to produce a storm surge from Louisiana to the upper Texas coast.
$OXY what do you make about the bidding war. I’m holding strong.
News: $APC Anadarko Confirms Receipt Of Unsolicited Proposal From Occidental
HOUSTON , April 24, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today confirmed that it has received an unsolicited proposal from Occidental Petroleum Corporation (NYSE: OXY) on April 24, 2019 under which Anadarko shareholders would receive $38.00 in cash a...
Find out more https://marketwirenews.com/news-releases/anadarko-confirms-receipt-of-unsolicited-proposal-from-occidental-8051228.html
I wonder how likely CVX is to bid higher - and if so - I am guessing that next Monday morning is the likely timing of a new bid - or when they say - they are no longer interested
News: $APC Occidental Makes Superior Proposal to Acquire Anadarko
$76.00 Per Share Cash and Stock Proposal Represents Premium of Approximately 20% to Current Value of Transaction Accepted by Anadarko Would Create a $100+ Billion Global Energy Leader with over 1.4 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and An...
In case you are interested https://marketwirenews.com/news-releases/occidental-makes-superior-proposal-to-acquire-anadarko-8048482.html
....and what will Chevron do next?!
YES!! Occidental bids for Anadarko $76 per share which is 15% higher than Chevrons offer!!!
News: $APC Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Anadarko Petroleum Corporation (APC) on Behalf of Stockholders and Encourages APC Investors to Contact the Firm
NEW YORK, April 12, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Anadarko Petroleum Corporation (NYSE: APC) on behalf of stockholders concerning the proposed acquisition of the company by Chevron Corporation (NY...
Read the whole news https://marketwirenews.com/news-releases/bragar-eagel-squire-p-c-is-investigating-the-board-of-directors-of-anadarko-petroleum-corporation-apc-on-behalf-of-stockholders-and-encourages-apc-investors-to-contact-the-firm-7992284.html
News: $APC Anadarko (APC) Alert: Johnson Fistel Investigates Proposed Sale of Anadarko Holdings, Inc.; Are Shareholders Getting a Fair Deal?
SAN DIEGO , April 12, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Anadarko Petroleum Corporation (NYSE: APC) ("Anadarko") breached their fiduciary duties in connection with the proposed sale of t...
In case you are interested https://marketwirenews.com/news-releases/anadarko-apc-alert-johnson-fistel-investigates-proposed-sale-of-anadarko-holdings-inc-are-shareholders-getting-a-fair-deal--7990502.html
News: $APC Chevron Announces Agreement to Acquire Anadarko
Strategic fit that enhances Chevron’s advantaged portfolio Delivers $2 billion in anticipated annual operating cost and capital synergies Accretive to free cash flow and earnings one year after close Share repurchase annual target increases by 25 percent to $5 bil...
Got this from https://marketwirenews.com/news-releases/chevron-announces-agreement-to-acquire-anadarko-7989776.html
APC now Chevron BOUGHT OUT for $65 CHA CHING!
$COP $APC $RRMS $SEMG $BBG $NBL U.S. shale producers ConocoPhillips (NYSE:COP), Anadarko Petroleum (NYSE:APC) unit Kerr McGee Oil & Gas Onshore, Noble Energy (NYSE:NBL) and Bill Barrett (NYSE:BBG) ask U.S. regulators to reject White Cliffs pipeline’s application to charge market-based rates for shipments from Platteville, Colo., to the storage hub at Cushing, Okla.
The companies say White Cliffs’ application to the FERC is based on an “overly broad” classification of the market and that if allowed to charge market-based rates, it would leaved shippers “basically powerless to resist.”
Kerr McGee and NBL are shippers of crude oil on the White Cliffs system, BBG supplies crude oil produced in the DJ Basin to shippers on the White Cliffs system and is a potential shipper, and COP is a DJ producer and positioned to use the White Cliffs system either as a shipper or a supplier to shippers.
White Cliffs is a joint venture that is majority-owned and operated by Rose Rock Midstream (NYSE:RRMS), a unit of SemGroup (NYSE:SEMG); the system is undergoing an expansion that will increase the capacity from 185K bbl/day to 215K bbl/day by mid-2018.
Agreed!... I like I like the fact that they're out of the shale and oil sand plays, and less natural gas production oriented... They are moving into LNG, and deep-water Gulf of Mexico where they have more acreage than anyone else on the planet... They also plan to resume production from the 3,000 wills in the Denver Basin before year-end, which will trigger a big jump in earnings!
I have been adding on this dip. Market sentiment is improving for sector. A little more upward oil price and E&P stocks will get solid push. I am posting to UWT board too be nice to see you there.
This is an excellent time to buy APC right now. Great find! I like UWT also.
At the end of the third quarter, the company carried a net debt of $6.54 billion, down from $7.17 billion a year earlier.
The company's net debt ratio, which has stayed above 50% level in the last several quarters, fell to 48.3% at the end of September.
A look at the company's balance sheet reveals that it has done a decent job of managing the shortfall.
The company's debt levels have actually declined, even though it faced a cash flow shortfall which often times fuels an increase in debt.
Wall Street is concerned about the future of Apache Corp., which may continue burning cash flows in 2018. But I believe Apache has all the bases covered.
The Houston, Texas-based oil and gas producer has done a great job of managing the cash flow deficit in 2017 and should continue to do well in 2018.
$APC Anadarko moves closer to Mozambique LNG project
Anadarko Petroleum (APC -3.7%) says it has finalized two agreements with Mozambique's government for the design, construction and operation of marine facilities for its liquefied natural gas project in the northern part of the country.
APC says it is a key milestone toward a final investment decision on developing Mozambique's first onshore LNG plant, consisting of two initial LNG trains with a total capacity of 12M metric tons/year to support the Golfinho/Atum field in Offshore Area 1, where APC and its partners have discovered 75T cf of recoverable natural gas resources.
APC cites progress in efforts to secure long-term LNG sales and purchase agreements, and says it will intensify work to secure the necessary financing for the project.
Capex cut by $300m. Out today after market close..
Gonna cut rigs by half.
http://investors.anadarko.com/2017-07-24-Anadarko-Announces-Second-Quarter-2017-Results
What rumors??
Anadarko CEO share buy should spark some confidence, analyst says
Big stock purchases by Anadarko Petroleum (APC +0.6%) CEO Al Walker and board director Peter Fluor (I, II) should instill some confidence in the market, as APC shares have plunged 14% since April 26 following the Colorado home explosion incident near one of its old wells, Wells Fargo analyst David Tameron writes.
Walker and Fluor each bought ~$1M worth of stock, which sends a signal to investors "looking for a floor or perhaps looking to step in after the selloff," Tameron writes.
APC yesterday said it would permanently disconnect all underground gas lines for the 3K-plus vertical wells it owns and operates in northeastern Colorado's DJ Basin, in response to the fatal home blast.
Anadarko shuts 3,000 Colorado wells after home explosion
Anadarko Petroleum (APC -4.5%) sinks on news it is shutting 3,000 vertical wells across northeast Colorado following a home explosion in the town of Firestone earlier this month.
APC says the vertical wells, which produce ~13K boe/day of oil, will remain shut until its field personnel can conduct inspections and test equipment in facilities and underground lines associated with each wellhead.
APC says the blast happened on April 17 in a home near where the company operates a vertical well that was drilled by a previous explorer in 1993.
what will this acquisition do for price?
did we max out?
$APC 67% gain from Jan low is not a joke but well below its Dec low which could be a safe bet to short from there. Trade less, save more!
Charts are useful to me and that is my main concern.
APC appears to be in an uptrend since mid January after having taken a huge dive. And, it took another dive with dividend news, but, is moving upward again. In looking at todays move, the market must like the adjustments to the workforce that came out in todays 8-k filing.
http://www.sec.gov/Archives/edgar/data/773910/000077391016000081/apc2016-03x118xk.htm
Minimal Funding For Anadarko’s Mozambique LNG project in 2016 http://ow.ly/YX4yM
"a chart can be useful for entry points." Got any academic studies that prove that? By "academic" I don't mean ads from Clay's Trading and Bar Tending School.
GL
I agree that the 81% cut is profound and, that APC is better than most oils.
After such major downside, a chart can be useful for entry points.
Tons of IHUB chart players have been killed in oil this past year while looking at their worthless charts. And APC is better than most oils.
An 81% div cut is profound for a stock that's bought mainly for income. Hope you research APC on SA or such if you're seriously considering buying. The issues are very complex.
I've just been looking at charts in this sector for the ones I believe will ride the storm out. The sector should be coming back up. And, it had bounced up from it's low.
I'm glad you pointed it out though... ;)
Guess 81% div cut wasn't worthy of mention either even tho it was widely expected for awhile.
"Anadarko Petroleum (APC -5.8%) plunges 6% after announcing an 81% dividend cut, as shares resume trading following a halt; shares already had been ~3.5% lower."
http://seekingalpha.com/news/3093226-anadarko-petroleum-minus-6-percent-following-81-percent-dividend-cut
No one mentioning the credit downgrade?
http://seekingalpha.com/news/3124316-moodys-drops-another-hammer-eight-ratings-downgrades
Yes, nice upside potential...
In Reply to 'FELLER'
APC is on my radar now. :) Dang. Nice upside opportunity here.
APC is on my radar now. :) Dang. Nice upside opportunity here.
It's definitely a good sign overall. ;)
In Reply to 'imin'
liking the volume and the price.
liking the volume and the price.
It's good to see some upward movement here.
I'm not in, but, watching the sector.
In Reply to 'radar72'
Looks like we COULD be ready to head back up here starting tomorrow. Some very nice big buy chunks today.
Looks like we COULD be ready to head back up here starting tomorrow. Some very nice big buy chunks today.
Anadarko Reach Unitization Agreement With Eni in Mozambique, Sign MOU For Domestic Gas http://ow.ly/Vrc1r
Anadarko, Maurel et Prom, PTTEP exit Mozambique Rovuma Onshore Concession http://ht.ly/UXZLM
Anadarko Petroleum (NYSE:APC) -0.4% AH after reporting a Q3 loss that met Wall Street expectations as total revenue, which includes gains and losses on divestitures, sank to $1.69B from $5.01B a year ago.
National Oil Corporation Tenders For 3D seismic Offshore #Kenya Ahead of 2017 Open Licensing Round. The 3D acquisition and processing may include the deep water blocks held by ANADARKO (L12 & L11A) and CAMAC (L27 & L28) and possibly L25 and L26 depending on prior commitments being made by the licensees’ ow.ly/SBMw2
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ANADARKO PETROLEUM CORP (APC)
http://www.anadarko.com/Home/Pages/Home.aspx
Company Information:
1201 LAKE ROBBINS DR
THE WOODLANDS, TX 77380-1046
832-636-3276
CIK: 0000773910
Anadarko's portfolio of assets encompasses premier positions in nearly a dozen major U.S. onshore natural gas resource plays. The company also is the largest independent deepwater producer in the Gulf of Mexico, and has production and/or exploration in Alaska, Algeria, Brazil, China, Indonesia, East and West Africa.
At Anadarko, we are committed to maintaining a balance between protecting our environment, public health and our communities, while producing the energy we all need. Energy is fundamental to physical existence. It is as important as clean air, water and affordable food. We take our responsibility very seriously to deliver resources to our energy-hungry world, and we hold true to our core values of integrity and trust, servant leadership and open communication in all of our business activities.
Management: http://www.anadarko.com/About/Pages/CorporateOfficers.aspx
Important Company Highlights:
Anadarko Petroleum Corporation (Anadarko) is an oil and gas exploration and production company with 3.01 billion barrels of oil equivalent (BOE) of proved reserves as of December 31, 2006. The Company's major areas of operations are located in the United States, the deepwater of the Gulf of Mexico and Algeria. Anadarko also has production in China, Venezuela and Qatar, a development project in Brazil and is executing exploration programs in several other countries. It markets natural gas, oil and natural gas liquids (NGLs) and owns and operates gas-gathering and processing systems. In addition, the Company engages in the hard minerals business through non-operated joint ventures and royalty arrangements in several coal, trona (natural soda ash) and industrial mineral mines located on lands within and adjacent to its Land Grant holdings. On August 10, 2006, the Company acquired Kerr-McGee Corporation. On August 23, 2006, Anadarko acquired Western Gas Resources, Inc.
Recent News: http://www.anadarko.com/Media/Pages/News.aspx
http://finance.yahoo.com/q/h?s=APC+Headlines
APC webcast on 5.26.10 Charles A Meloy , SVP, Worldwide Operations
http://cc.talkpoint.com/ubsx001/052410a_lv/?entity=14_GHGQ6RI
Filings:
Transfer Agent:
BNYMellon Shareowner Services
Newport Office Center VII
480 Washington Blvd.
Jersey City, NJ 07310-1900
Share Structure:
Outstanding Shares
507,600,000 as of Mar 31, 2010
Authorized Shares
1,000,000,000 as of Mar 31, 2010
Held in treasury
12,800,000 as of Mar 31, 2010
Investor Relations:
John Colglazier
Vice President, Investor Relations & Communications
832-636-2306
Chris Campbell, CFA
Manager, Investor Relations
832-636-8434
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