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Gold/Mining/Energy : Anadarko Petroleum Cp
APC 72.77+0.8%Aug 8 5:00 PM EST

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To: PuddleGlum who wrote (37)8/20/1999 11:26:00 AM
From: The Ox  Read Replies (1) of 129
 
"S&P Upgrades Anadarko Petroleum Shares to Buy"

personalwealth.com

S&P upgraded its investment recommendation on shares of Anadarko

Petroleum (NYSE: APC) to 5 STARS (buy) from 3 STARS (hold). Analyst

Norman Rosenberg says APC is well-positioned to benefit from strong gas

prices. According to Rosenberg, the company is the clear industry leader

in terms of growing its reserve base, with much better than average

reserve life, reserve replacement, and finding costs. He says APC is now

trading at a solid discount to his estimated reserve value per share, and

sees this as a chance to buy one of the industry's top players at a good

price.
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