Citing less political risk now that the Macondo oil well has been plugged by BP (NYSE:BP), Goldman Sachs (NYSE:GS) analyst said they're maintaining their "Neutral" rating on Anadarko Petroleum Corp. (NYSE:APC).
Goldman analysts said, "We remain Neutral rated as we see balanced risk/reward after recent outperformance, reflecting in part apparent more benign Gulf of Mexico political risk and progress sealing the Macondo well."
Anadarko Petroleum owns a 25 percent stake in the oil well in the Gulf that had been spilling oil into the ocean, which is what Goldman was referring to when talking about less political risk.
BP owns 65 percent of the well, and MOEX, 70 percent owned by Mitsui (Nasdaq:MITSY), owns the other 10 percent.
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