Jefferies says $2B-$3B verdict would be bullish for Anadarko

Jefferies notes closing arguments concluded yesterday in Tronox's (TROX) case against Anadarko (APC). The firm says one of court's questions implied $2B-$3B would be the minimum acceptable to the U.S. for clean-up. Jefferies believes a judgment against Anadarko in this price range would be a bullish outcome as it estimates at least $4B is priced into Anadarko shares.

View Comments (0)