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Purchase Details
| Company: | Andarko Petroleum |
| Ticker: | APC |
| Yahoo Beta: | 1.24 |
| Industry: | Independent Oil & Gas |
Company Description: The company explores for and produces oil and natural gas. The company works in the Gulf of Mexico and Algeria.
| Purchase Date: | 03 Dec 2008 |
| Purchase Price: | $36.33 |
| --Split Adjusted: | $36.33 |
| Shares Purchased: | 50 |
| --Split Adjusted: | 50 |
| Transaction Fee: | $12.99 |
| Price Range (6 Months Prior): | |
| High | $79.86 |
| Date | 18 Jun 2008 |
| Low | $27.17 |
| Date | 27 Oct 2008 |
| S&P (Purchase Date): | $870.74 |
| Timing: The stock is trading well off its six month high, but has rebounded significantly from its low in late October. |
| Reason: Energy prices have dropped dramatically in the last few months. Over the summer, oil was selling for over $140 a barrel. Prices are now under $50 a barrel. Although prices are being depressed by the recession, we expect oil prices to rebound substantially at some point. |
Total Spent: $1829.49