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Jim Cramer, Dan Dicker Discuss the Most Undervalued Oil Company

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Why Is Anadarko Petroleum A Buy Around Its 52-Week Low? (Seeking Alpha)

In a conversation highlighted on 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???

— 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.

Posted-In: Dan DickerNews Jim Cramer Commodities Legal Markets Media Trading Ideas


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