John Stephenson
Anadarko Petroleum Corp
APC-N
STRONG BUY
May 28, 2010
All of these types of stocks have gotten trashed lately, particularly with the spill/leak in the Gulf. A global player that does very sophisticated things. There will be a positive snap back in all of these stocks.
Have upped their dividend yield which makes it the highest dividend yield in the large cap in the E & P sector. Sold off some of its non-core properties. Should grow at 7/8%. Also likes Devon (DVN-N) which would be a little stronger performer.
Tremendously high profile in the US and has held up relatively better than our Canadian oil stocks. Good properties and good reserve life. Good price. Really a question of what you think is going to happen on commodity prices.
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