Friday, July 16, 2010

Anadarko (NYSE:APC), Transocean (NYSE:RIG) Soar on BP (NYSE:BP) Stopping Gulf Oil Leak

Investors scrambled to invest in Anadarko (NYSE:APC) and Transocean (NYSE:RIG) at the end of the trading day Thursday, on the news BP (NYSE:BP) stopped oil from leaking into the Gulf of Mexico, having successfully closed the valves with their new containment cap.

BP was up over 7 percent at the end of trading. Transocean was next, up by $2.34, or 4.47 percent. Anadarko Petroleum was right behind them, gaining $1.50 a share, or 3.15 percent.

Anadarko continues to rise after trading, as did BP, while Transocean pulled back.

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