Pritchard Capital Partners Initiates Coverage on Anadarko Petroleum

According to a research report this morning, Pritchard Capital Partners initiates a Neutral rating and $98 PT on the oil and natural gas production company, Anadarko Petroleum

. Pritchard Capital Partners stated, “APC continues to excel at exploration as in the giant Golfinho gas find offshore Mozambique announced May 15th, the large Heidelberg discovery and delineation in GOM, the recently disclosed East Texas Panola County liquids-rich play, and, before that, the greatly expanded resource estimate for the Wattenberg Field in the Rocky Mountains.” Anadarko Petroleum closed yesterday at $64.74.