This morning we got to see the new equity holdings of T. Boone Pickens, via his BP Capital Management, L.P., as of March 31, 2009. Some of the higher stakes look to…
Anadarko Petroleum Corporation (NYSE: APC) has announced that it will be raising cash via a public secondary of its common stock. The exploration and production company in the oil and gas sector…
Douglas A. McIntyre These are ten of the top pre-market analyst calls we have seen early this Tuesday morning with more than two hours until the market opens: Anadarko Petroleum (APC) Cut to Equal Weight…
Back in January a federal three-judge panel ruled that Anadarko Petroleum Corporation (NYSE:APC) was entitled to royalty relief on production from certain Gulf of Mexico leases, even though the government had made…
Anadarko Petroluem Corporation (NYSE:APC) has priced two tranches of senior notes, one of $500 million due 2014 at a coupon of 7.625% and the other of $600 million due 2019 at a…
Billionaire and activist investor Carl Icahn has made some large changes to his portfolio holdings. He and Icahn Capital, L.P. have not been immune to the market sell-off as you have seen…
Anadarko Petroleum Corp. (NYSE:APC) announced a capital spending budget of $4 billion to $4.5 billion for 2009. The company spent about $4.9 billion in 2008 and $4 billion in 2007.
Douglas A. McIntyre Anadarko Petroleum Company (NYSE:APC) announced another significant Gulf of Mexico discovery this morning. The new discovery offers 300 feet of net oil pay, in addition to Anadarko’s other Gulf of Mexico find…
Anadarko Petroleum Corp. (NYSE:APC) is reacting to bits of news, one in discovery and one in earnings. The company just yesterday reported a "substantial oil discovery" in the deepwater Gulf of Mexico.…
Douglas A. McIntyre Yesterday’s story about Venezuela opening the bidding for its oil resources raised an interesting question. What are the chances that Exxon Mobil Corporation (NYSE:XOM), with nearly $40 billion in cash at the…
Back in 1998-1999, the Clinton administration wrote contracts for offshore drilling that were supposed to provide royalty relief for oil companies if oil prices fell below $25/barrel. Somehow, the contracts were written…
Douglas A. McIntyre Western Gas Partners, LP (NYSE:WES) has completed the purchase of gas processing plants and gathering systems from Anadarko Petroleum Corporation (NYSE:APC). Western Gas was formed by Anadarko earlier this year to off-load…
Energy company asset sales have become just about the only news in the energy business. No mergers, no acquisitions, no bankruptcies, just sales. Companies are trying to position themselves and their portfolio…
These are some of the top pre-market upgrades and downgrades we have seen from Wall Street analysts this Monday morning: Devon Energy (DVN) Raised to Buy at Jefferies. EnCana (ECA) Raised to…
According to Reuters, China announced an economic stimulus package of almost $600 billion. Reuters reports that AIG (AIG) is about to get a new bailout from the US government which will be…
