Seeking Alpha

Anadarko viewed as core holding by Deutsche Bank

  • Anadarko Petroleum (APC -1%) is reiterated with a Buy rating at Deutsche Bank following mixed Q2 results, as the firm continues to think uncertainty stemming from potential Tronox (TROX) liabilities creates opportunity.
  • The firm thinks a post-Tronox outlook should see APC narrow the discount to NAV via aggressive asset sales and monetizations.
  • "APC arguably enjoys the best multi-year set up in the global upstream," DB says, continuing to view the stock as a core holding.
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