Anadarko price target raised to $134 from $122 at Credit Suisse Credit Suisse raised Anadarko's price target to $134 based on underappreciated mineral assets. The firm believes Anadarko is evaluating options of its mineral assets and could announce a sale of its Rockies minerals cash flows, which could be worth $6.1B. Shares are Outperform rated.
Black Hills receives approval for acquisition of certain assets of MGTC Black Hills (BKH) announced that the Wyoming Public Service Commission approved the acquisition of certain gas transmission and distribution utility assets of MGTC, wholly owned subsidiary of Anadarko Petroleum (APC). The transaction is expected to close by Jan. 1, 2015. Black Hills Corp. is acquiring the MGTC assets in northeastern Wyoming for approximately $6M.