APC News and Press, Anadarko Petroleum Corporation From 05/19/19

The outlook for oil producers is looking good following improvement in the price of the U.S. benchmark WTI crude to more than $60 a barrel from less than $50 at the start of the year. Those who want to capitalize on oil’s recovery should consider Fidelity MSCI Energy Index ETF ( FENY...

The competition between Occidental ( OXY ) and Chevron ( CVX ) to buy Anadarko Petroleum ( APC ) lit up news boards and markets everywhere during the last month. Occidental won the company at a price tag of $38 billion. In some places, the competition was styled as an effort to attain dominanc...

Occidental Petroleum's ( OXY ) stock has been heading lower ever since it started bidding for Anadarko Petroleum ( APC ). It's now trading at the same level it was back in May of 2007. Interestingly enough, so is Exxon Mobil ( XOM ). And for the same reason: overpaying for resources in a...

Welcome to the Tortoise QuickTake podcast . Thank you for joining us. Today, Tortoise provides a timely update on trending topics in the market. Hello, I am Matt Sallee, Energy Portfolio Manager at Tortoise. It was a wild ride last week in markets where the S&P was "Trumped" by self-inf...

The trade war with China has caused investors to overlook catalysts for firming oil prices and put another chill in oil stock prices. The trade war will end eventually. In the meantime, China is stimulating and the U.S. Federal Reserve is about to end QT - Quantitative Tightening. Catalysts ...

Oil and gas driller Chevron Corp. ( CVX ) did not submit a better takeover offer for Anadarko Petroleum Corp. ( APC ) last week, which came as a major surprise to me and probably a lot of other investors. Chevron Corp. has now definitely lost in the takeover battle over Anadarko Petroleu...

Merger activity increased last week with nine new deals announced and two pending deals closing. Deal Statistics: New Deals: The acquisition of Chesapeake Lodging Trust (CHSP) by Park Hotels & Resorts (PK) for $2.7 billion in a cash plus stock deal. Under the terms of the me...

Image: EOG rig from EOG Resources Investment Thesis: The Houston-based EOG Resources ( EOG ) is one of the best top-tier US shale plays. The US producer can be compared in many ways with Occidental Petroleum ( OXY ), which is the leader in the Permian. I recommend reading my recent ar...

HOUSTON , May 13, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with JERA Co., Inc. (JERA) and...

With Chevron ( CVX ) choosing to bow out of the bidding war for Anadarko Petroleum ( APC ), the company now has an extra $1 billion from the break-up fee to help fund any potential acquisition. Since it's clear that Chevron wants to build on its already tier-1 position in the Permian Bas...