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One large-cap oil and gas player whose insiders are doing some decent buying is
Anadarko Petroleum(APC - Get Report), an independent exploration and production company. Insiders are buying into some mild strength here since the stock is up just over 6% so far in 2012.
Anadarko Petroleum has a market cap of $40 billion and an enterprise value of $54 billion. This stock trades at a reasonable valuation, with a forward price-to-earnings of 15.89. Its estimated growth rate for this year is 17.2%, and for next year it's pegged at 29.1%. This is far from a cash-rich company, since the total cash position on its balance sheet is $2.70 billion and its total debt is a whopping $16.43 billion.
A director just
bought 10,000 shares, or around $841,000 worth of stock, at $84.19 per share.
From a technical perspective, APC is currently trading above its 200-day moving average and below its 50-day moving average, which is neutral trendwise. This stock just printed a lower high and dropped back below its 50-day moving average of $83.28. The trend right now for APC is down as the stock moves towards some near-term support levels at $80.73 to $77.50 a share.
If you're a bullish on APC, I would look to buy this stock into weakness that takes it down towards some near-term support levels at $77.50 to $76.86 (200-day) a share. I would simply use a mental stop right below $76.86 in case it doesn't hold. Those near-term support levels are important, so if they don't hold I would avoid any long trades in this stock for the time being.
One could also just buy off strength on a high-volume move back above its 50-day moving average of $83.28. Look for volume on that move that's near or well above its three-month average action 3.65 million shares.
Anadarko, one of
John Paulson's holdings, shows up on a list of
10 Energy Stocks for 2012.