energy sector exploration and production anadarko petroleum corporation nyse apc analysts boris partin bpartin mail smu edu trevor cohen tcohen recommendation sell key assumptions conclusions current appreciation of the stock is due to market sentiment not fundamentals company s shifting strategic vision a source organizational tension inefficiencies in operations more volatile weaker than most peers valued virtually fair by growth potential limited positive attributes high commodity prices possibility surprise earnings restructuring may help create efficient enterprise investment thesis we think that although still has some such adequate given level risk see inherent our dcf based valuation shows priced comparable analysis identifies as weakest firm among its feel time right share available funds would be reinvested midstream oil gas industry which will allow fund accretion forecast
