This Is Why Anadarko Is Still a Buy

Updated

Anadarko continues to show that it's among the top run E&Ps in the sector, beating analyst EPS estimates this past quarter. However, the real takeaway from Anadarko's third quarter was the company's delicate balance between financial conservation and production growth. Anadarko grew its sales by 80,000 BOE/d, while increasing its cash position to $2.5 billion -- and staying free cash flow positive. Organic growth is a rare quality in the E&P sector, and Anadarko continues to be among the best at expanding its footprint within the confines of its cash generation.

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The article This Is Why Anadarko Is Still a Buy originally appeared on Fool.com.

Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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