Stifel Nicolaus Maintains Hold on Anadarko Petroleum

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Stifel Nicolaus is out with its report today on Anadarko Petroleum (NYSE: APC), maintaining Hold.In its report, Stifel Nicolaus writes, "Yesterday after the close, Anadarko reported production at the higher end of guidance, CFPS well ahead of Stifel and consensus numbers, and a 300k gross acreage position in the potentially liquids rich portion of the Utica. Additionally, 2011 guidance remains essentially unchanged and 2012 gas hedging has been increased from 21% to 41%. We view APC as an attractive long-term play for deepwater exposure, but maintain our Hold rating for now based on its DACF valuation."At the time of posting, shares of APC were trading at $75.80, down 9.48% from Monday's close.

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