Now that the end of the year is here, it seems that it would be insightful to take a look at the major companies connected to the Gulf oil spill and how they fared over 2010, specifically BP (NYSE:BP), Anadarko (NYSE:APC), Transocean (NYSE:RIG), Halliburton (NYSE:HAL) and Cameron International (NYSE:CAM).
Interestingly, three of these companies closed the year out near annual highs, rebounding strongly after the spill.
For BP (NYSE:BP), they ended the year at $44.17, gaining $0.28 on December 31, up 0.64 percent. The company had a 52-week trading range of $26.75 to $62.38. They ended the year with a market cap of $138.34 billion.
Anadarko closed the year out at $76.16, gaining $0.57 on the last trading day, up 0.75 percent. The trading range for 2010 was from $34.54 to $78.98. They ended the year with a market cap of $37.74 billion. They're one of those that finished the year strong, even with a 25 percent stake in the oil well that failed.
Transocean finished off the year at $69.51, gaining $0.38 on Friday, up 0.55 percent. The 2010 trading range for them was $41.88 to $94.88. They closed off the year with a market cap of $22.18 billion. They owned the Deepwater Horizon oil rig and were leasing it to BP when the well failed.
Halliburton ended 2010 at $40.83, down $0.18 on the final trading day of the year, losing 0.44 percent. Their trading range for the year was $21.10 to $41.73. Their market cap heading into 2011 is $37.14 billion. They closed out the year near their annual high. Halliburton did the mud job on the Macondo well.
Cameron International finished 2010 at $50.73, gaining $0.16, or 0.32 percent on the last day of the year. Their 52-week trading range was $31.42 to $51.71. Their market cap at the end of the year was $12.31 billion. Cameron also ended 2010 close to their annual high. Cameron supplied the blowout preventer to the failed Macondo well.
My pick is RIG
ReplyDeleteI pick RIG also and bought 67.50 Jan & Feb calls
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