Anadarko upgraded to Buy from Hold at Argus Argus upgraded Anadarko, citing what the firm sees as the company's prospects for 5%-7% annual production growth through 2020, its industry-leading exploration program, and its substantial base of reserve assets. The firm is also less concerned about the impact of the Tronox case, given proceeds from recent asset divestitures by Anadarko. Target $96.
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.