By Houston Business Journal

Trading in the shares of Anadarko Petroleum Corp. following the April 20 Deepwater Horizon explosion are now under investigation by the Securities and Exchange Commission, CNBC reported Thursday.

Houston-based Anadarko (NYSE: APC) owns a 20 percent stake in the Macondo field, where the destroyed rig was drilling. The SEC is looking to find if any trades were performed using non-public information.

Since the disaster, Anadarkoâ¿¿s stock price has swung up and down in reaction to the flow of news from the well site. Shares closed at $48.82 Wednesday, down from $73.94 on April 20. The stock had traded as low as $34.54 on June 9.

A similar investigation is reportedly underway in relation to trades of BP Plc (NYSE: BP) stock as well.

Copyright 2010 American City Business Journals

http://houston.bizjournals.com/houston/stories/2010/07/26/daily42.html?ana=thestreet

Copyright bizjournals.com 2010

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