Market Overview

JP Morgan, Raymond James Think Exxon/Anadarko Takeover Is Unlikely


In a note released early June 12, JP Morgan analyst Joseph Allman wrote that Anadarko Petroleum (NYSE: APC) would likely require a per share price over $140. He based this sentiment on comments from the company's investor conference held in March.

Allman believes it is more likely Anadarko will monetize its assets possibly including International, domestic operating assets, GoM and mineral ownership in the Rockies.

Additional comments came in from an analyst at Raymond James stating that ExxonMobil (NYSE: XOM) buying someone "really cool" is just an "old reliable story" for the beginning of summer.

Posted-In: Joseph Allman JP Morgan Raymond JamesAnalyst Color News Rumors


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