Jim Cramer, Dan Dicker Discuss the Most Undervalued Oil Company
In a conversation highlighted on TheStreet.com Thursday, Jim Cramer and RealMoney's Dan Dicker discussed shares of Anadarko Petroleum (NYSE: APC) potentially going to $140, “pending a lawsuit settlement.”
The most undervalued oil??? http://t.co/z0eGnZ9DqY— Jim Cramer (@jimcramer) March 6, 2014
Dicker believes the company has a great portfolio of assets including Marcellus, Eagle Ford Shale, and the Shenandoah Basin.
Dicker feels investors should allocate a larger portion of their portfolio to E&Ps since they are undervalued and have “plenty of room for them to move higher.”
Shares of Anadarko are up 1 percent to $86.25 on the session. Dicker's $140 price target is 62 percent above the stocks current level.
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