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Fly News Breaks for March 2, 2016
APC
Mar 2, 2016 | 06:48 EDT
Macquarie analyst Paul Grigel named Anadarko a Top Pick in the US E&P sector. The analyst said Anadarko is focused on managing declines and preserving its quality assets for a better pricing environment in a capital efficient manner. Grigel said investor confidence in the assets and operations remain strong while the focus is on the balance sheet of the company and its ability to manage through the downturn without issuing equity. The analyst rates shares an Outperform with a $60 price target.
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