Jim Cramer: Buy Anadarko, Bill Barrett, and Bonanza Creek, But Sell this Stock
Jim Cramer made the following calls on September 30th, 2013. What do you think about his picks?
Anadarko Petroleum Corporation (NYSE:APC): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on May 3, 2013. The stock’s 52-week high is $96.75, and its 52-week low is $65.82. Cramer discussed the Niobrara share region, one of the latest deposits of oil that is found in Colorado. Cramer highlighted Anadarko as the top player in the region to this date, noting that he owns many shares of the company in his charitable trust. He did warn of the risk inherent in newer regions of oil drilling, balancing his optimism about Anadarko by saying that other companies had met with mixed results in Niobrara.