Anadarko shares should be bought into earnings, says Canaccord Canaccord expects Anadarko to report that its production was about 1.5% above its guidance last quarter, meaning that the company's capital productivity is some 20% ahead of the industry average. The firm keeps a $120 price target and Buy rating on the shares.
Anadarko August calls active Anadarko August 72 and 73.5 calls are active on total call volume of 7K contracts (1K puts) on takeover speculation. August call option implied volatility is at 55, August weekly is at 44, September is at 40; compared to its 52-week range of 22 to 56. Active call volume suggests traders taking positions for large near term price movement.