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APC

Anadarko

$62.66

0.37 (0.59%)

, CVX

Chevron

$120.50

0.41 (0.34%)

09:54
04/16/19
04/16
09:54
04/16/19
09:54

Anadarko's Denver office faces #MeToo moment, Bloomberg reports

Andarko (APC), which has agreed to be sold to Chevron (CVX) for $33B, is having a #MeToo moment following a 2017 letter from former employee Robin Olsen who described the company as having "a culture of treating women as sexual playthings who are present at work merely for men's sexual gratification," Bloomberg's Catherine Traywick reports, citing interviews with six former employees of Anadarko's Denver office. Allegations against Anadarko include loutish behavior such as a supervisor making jokes about oral sex and Olsen's letter claimed two high-ranking executives had sexual relationships with subordinates, an account corroborated in an affidavit. Company spokeswoman Jennifer Brice said the company has taken steps to address complaints, including launching sexual-harassment and unconscious-bias training, increasing awareness of Anadarko's 24-hour anonymous hotline, and strengthening its policy on retaliation. Reference Link

APC

Anadarko

$62.66

0.37 (0.59%)

CVX

Chevron

$120.50

0.41 (0.34%)

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APC Anadarko
$62.66

0.37 (0.59%)

04/15/19
MKMP
04/15/19
DOWNGRADE
Target $65
MKMP
Neutral
Anadarko downgraded to Neutral from Buy at MKM Partners
MKM Partners analyst John Gerdes downgraded Anadarko (APC) to Neutral from Buy and lowered his price target to $65 from $66 after its acquisition by Chevron (CVX). The analyst says the deal looks like a "near certainty" and also views its valuation at 6.1-times expected FY19 EBITDA as "full and fair". Gerdes adds that the business combination is "eminently logical", combining "asset/organization capabilities in the Delaware Basin, deep water Gulf of Mexico, and as to global LNG."
04/15/19
SBSH
04/15/19
NO CHANGE
Target $142
SBSH
Buy
Chevron price target raised to $142 from $135 at Citi
Citi analyst Alastair Syme raised his price target for Chevron (CVX) to $142 from $135 to reflect the company's acquisition of Anadarko Petroleum (APC). The analyst sees the acquisition as an "opportunistic deal" to acquire a "discounted resource that acts to lower the cost-curve position of the new entity." He keeps a Buy rating on Chevron shares.
04/15/19
MSCO
04/15/19
NO CHANGE
MSCO
Overweight
Chevron shares should be bought on Anadarko deal weakness, says Morgan Stanley
Morgan Stanley analyst Devin McDermott said he believes that Chevron's (CVX) agreement to acquire Anadarko (APC) is a "win-win for shareholders of both companies" given what he views as "clear strategic benefits and attractive accretion." Chevron was able to acquire the company "that offers the best strategic fit at what could prove to be the best relative valuation" ahead of what could be the start of a broader round of consolidation, contends McDermott, who recommends being a buyer of Chevron shares on the weakness seen after the deal was announced. In terms of who may be next, McDermott said he thinks Pioneer Natural (PXD), Concho Resources (CXO) and Parsley Energy (PE) could be potential targets for other oil majors.
04/16/19
ARGS
04/16/19
DOWNGRADE
ARGS
Hold
Anadarko downgraded to Hold from Buy at Argus
Argus analyst William Selesky downgraded Anadarko (APC) to Hold from Buy after its agreement to be acquired by Chevron (CVX).
CVX Chevron
$120.50

0.41 (0.34%)

04/15/19
04/15/19
DOWNGRADE
Target $65

Sector Perform
Anadarko downgraded to Sector Perform at RBC Capital on Chevron deal
As previously reported, RBC Capital analyst Scott Hanold downgraded Anadarko (APC) to Sector Perform and kept his $65 price target following the company's acquisition by Chevron (CVX). The analyst says he does not expect competing bids to emerge and believes that shareholders will accept the offer. Hanold adds that the deal came out from the "meaningful discount" for Anadarko shares related to the "combination of concern over political-driven changes in Colorado that could impact long-term development in the DJ Basin and the capital outlay required for the Mozambique LNG project upon sanction."

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PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:32
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PKG

Packaging Corp.

$98.86

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TSLA

Tesla

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-5.15 (-1.95%)

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FOLD

Amicus

$13.15

-0.12 (-0.90%)

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FB

Facebook

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PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:29
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TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:29
04/24/19
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MEOH

Methanex

$57.37

-1.63 (-2.76%)

17:28
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TSLA

Tesla

$258.70

-5.15 (-1.95%)

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MKGI

Monaker Group

$2.62

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

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Tesla

$258.70

-5.15 (-1.95%)

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IVZ

Invesco

$21.53

-0.09 (-0.42%)

17:25
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CB

Chubb

$140.51

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FB

Facebook

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MTOR

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

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Tesla

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-5.15 (-1.95%)

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Westwater Resources

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