Andarko's most recent trend suggests a bullish bias. One trading opportunity on Andarko is a Bull Put Spread using a strike $48.50 short put and a strike $43.50 long put offers a potential 16.82% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.50 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $43.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Andarko is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Andarko is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Andarko
Exec who oversaw Anadarko Petroleum's Colorado operations is leaving company
Wed, 04 Oct 2017 22:00:56 +0000
Brad Holly, who spent four years as a Denver-based executive for Anadarko Petroleum Corp., one of Colorado’s biggest oil and gas companies, “is leaving the company to pursue other interests,” according to an announcement Wednesday. The announcement, part of a series of leadership changes Anadarko announced Wednesday, comes just months after Holly was promoted in May to the position of executive vice president of the company’s (APC) U.S. onshore exploration and production.
Anadarko Announces Leadership Changes
Wed, 04 Oct 2017 13:00:00 +0000
HOUSTON, Oct. 4, 2017 /PRNewswire/ — Anadarko Petroleum Corporation (APC) today announced a consolidation of its leadership structure. Since the beginning of 2015, Anadarko has sold nearly $7.5 billion of non-core assets in order to reposition and focus its business to deliver better returns and growth across commodity cycles. Effective immediately, Danny Brown, formerly Executive Vice President (EVP), International and Deepwater Operations, has been named EVP, U.S. Onshore Operations, with responsibility for the company's upstream and midstream activity in Colorado, Texas, Utah and Wyoming.
Algeria to amend energy law by year-end to lure overseas cash – source
Tue, 03 Oct 2017 16:37:25 +0000
Algeria plans to amend its energy law before the end of the year as the OPEC producer tries to attract more foreign investors, a senior source at state energy firm Sonatrach told Reuters. Algeria, a major gas supplier to Europe, wants to boost oil and gas revenues which were hit by a fall in global prices.
3 Top Oil Stocks for Falling Crude-Oil Inventories
Mon, 02 Oct 2017 12:16:00 +0000
The sun may be rising on a new oil bull market. Here are three stocks to consider.
Sell CHK Stock – Chesapeake Gains are Just a Head Fake
Sun, 01 Oct 2017 13:19:00 +0000
Sadly, for long-term proponents and shareholders of Chesapeake Energy Corporation (NYSE:CHK), it’s a point that rings all too familiar. CHK stock has shed a gut-wrenching 38% year-to-date. Similar tales abound for CHK competitors, such as Anadarko Petroleum Corporation (NYSE:APC) and Marathon Oil Corporation (NYSE:MRO).
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