Financial News Discussion of APC - Anadarko Petroleum Corporation on Mad Money

Anadarko Petroleum Corporation is in the news. Find out how this impacts APC trading on Ockham Research.

This whole move is predicated upon the idea that washington has at least embraced natural gas, that this cleaner, greener fossil fuel -- I know it's fossil, which puts it in the dog house -- will be a part of our energy future. Take ANADARKO. ANADARKO PETROLEUM is one of the strongest derivative natural gas plays, one of those i've been recommending since january 12th, when it was at $38.33. The stock is now up to $54.40. A 40% increase. Even as the price of the commodity has just been crushed. If natural gas is going to be part of our energy future, then ANADARKO is a fantastic stock to own. And its second quarter, recorded record sales volume, selling 4 million more gallons than the midpoint of ANADARKO's guidance. As well as record drilling company was able to run fewer rigs but drill more wells and the cost of wells coming down. ANADARKO's a great growth energy with new discoveries in the gulf of mexico and mississippi, a major new project in ghana that was approved by their government in july and another project in algeria that's expected to start producing oil in 2011. The company's also done a great job of hedging its natural gas 80% of anticipated natural gas volumes, hedged at $4.18 in the summer months. Hey, who would ever thought that was going to be good, right? And more than 75% of its 2010 natural gas volume's protected with a middle floor of $5.60 and an upper ceiling of $8.25. So, even if natural gas prices don't bounce back hard, ANADARKO's still in good shape. And it's not starving for cash, either. Remember it raised $1.3 billion with that secondary offering in may? That was at $45.50. Made a lot of people money. You're up 20%! Hallelujah if you got that offering price. Even, again, natural gas collapsed and they raised another $109 million in debt in june, leaving them with $3. Billion in cash at the end of the quarter and no debt coming due until 2011. The question with ANADARKO is the same question I have with this whole industry and I am focused on this laser-like and I will the future of natural gas be in this country and do we understand the importance of energy independence? I don't have the answer to those questions, but I know someone who might. Jim hackett, ANADARKO's fabulous mr. Hackett, welcome back to "mad money." >> all right, let's get right to there is an oddity here. Natural gas under $3. Your stock doing well. Is that because there is a belief somewhere, somewhere within the owners of your stock, that the fortunes for natural gas are about to change in >> I do. I think there's a couple one is that we are about 40% of oil still. >> and that does drive a fair amount of the profitability of the company as well. But two is that there is a real

• Since this tidbit appeared on Mad Money on Monday, August 24, 2009, Anadarko Petroleum Corporation has had a pretty decent run trading up 15.92%.
• In addition to information about Anadarko Petroleum Corporation, 21 other stocks were also mentioned. The full recap of all the stocks talked about on Mad Money are also available.
• You can visit the Mad Money recap page for the full RazorWire including 2 more slices of stories about Anadarko Petroleum Corporation.
• There have been 45 mentions of Anadarko Petroleum Corporation APC since being mentioned on Mad Money on Monday, August 24, 2009. Ockham details all of the news on Anadarko Petroleum Corporation on our APC Financial News page.
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