Seeking Alpha
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

Anadarko Petroleum - Low Dividend Helps To Preserve Cash, As Profits Disappoint

Investors in Anadarko Petroleum (APC) were not too pleased with the company's profits as the company's adjusted earnings missed the consensus estimates by a wide range. Those adjusted earnings will most likely vanish at current oil prices at around $50 per barrel. This miss did not prevent shares from jumping higher on the back of hopes that oil has finally bottomed out, with spot prices having recovered to the $50 mark…