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Anadarko Petroleum's Positives Outweigh Negatives

Posted on June 13, 2008

Potential appreciation to estimated Net Present Value [NPV] of $82 a share and beyond justifies investor interest in buy-recommended Anadarko Petroleum (APC). First quarter results reported after the market close on May 5 notched revenue gains ahead of our projections of three months ago. Meanwhile, projected volumes along with current futures prices promise a continuing high level of unlevered cash flow (Ebitda) before hedging.Projected cash flow capitalized at unlevered multiples (PV/Ebitda) related to reserve life (Adjusted R/P) supports NPV. NPV may soon be raised as oil and gas price tren...

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futures , gas , market close , oil , petroleum