Anadarko Petroleum Corporation Crushed (APC)

Anadarko Petroleum

saw its share price demolished today as the chaos in the Gulf intensified. Anadarko shares slumped $7.87, or 18.39%, to $34.93. More than 37 million shares were traded versus the daily average of 7.9 million. The cost to insure the debt of Anadarko surged as fears grew about the costs the company faces in cleaning up the oil spill. Anadarko's credit default swaps surged 145 basis points to a record of 575 basis points. Anadarko owns 25 percent of the well that exploded in April. Talk to other investors at