Although the alleged idea / rumour that mining giant BHP Billiton could be interested in Anadarko Petroleum does at first appear quite fanciful, in the week or so that this information has been around, that the US group could be vulnerable to hostile speculative interest does appear credible that just idle gossip.
Recent share price strength – with $46 being a key level which is close to being broken now. does suggest that someone is running the rule over the company after it missed Wall Street expectations last month, and the sub standard Return on Equity the group has versus its peers. This means that not only might the analysts regard Anadarko as a potential recovery play, but one which may require some active new management to turn the situation around.
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