Tomahawk, WI 06/11/2014 (Basicsmedia) –

The Oil Spill Drama Continues

Houston based Anadarko Petroleum Corporation (NYSE:APC) might end up paying billions of dollars for the Macondo, Gulf of Mexico, oil spill. A U.S appeals court said that the company is liable under Clean Water Act though it argues that the incident occurred due to faulty machinery on part of Transocean Ltd. BP plc (ADR) (NYSE:BP) might have to share the brunt of this oil spill in the gulf too as it partnered with Anadarko in this project.

Working with the Best Suitable Techniques

Anadarko Petroleum Corporation (NYSE:APC), which employs about 1500 staff, is expected to invest nearly $2 billion in its Colorado operations in this year. The company has up its sleeves new technology and latest methods of drilling and fracking for the production of oil and natural gas.  The technique’s would include multiple well drilling at 30ft apart, underground horizontal drilling and closed loop drilling. Such techniques would optimize the total production and reduce mud, water and other wastes that come from drilling process.

Guggenheim puts Target to $131.00 for Anadarko

Analysis shows that Anadarko Petroleum has a one year low of $73.60 and a one year high of $104.84 at stock exchange. Researchers at Guggenheim increased their stock projection from $127 to $131 in a report released on last Wednesday. They assert that the Anadarko stock has a 31.59% potential rise from current price of the stocks. Its buy rating from Guggenheim where as others like the Zachs put the stock at neutral.

Announces 50-Percent Dividend Increase

Anadarko Petroleum Corporation (NYSE:APC) announced a quarter cash dividend on the company’s stock of 27 cents compared to 18 cents, in previous quarter, a 50% increase. This result is a part of ongoing effort in exploring for and acquiring and developing oil and natural gas resources vital to the world’s health and welfare.  At the same time, the company is leaving no stone unturned to enhance value of the shareholders.

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