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Relative strength bodes well for Anadarko Petroleum, which could produce black gold for investors.
The IEA released bearish oil market data Wednesday that indicated the U.S. shale machine will help supply outpace demand in 2018, but one industry consultant is not convinced.
The oil and natural gas producer is shopping three acreage packages across three U.S. resource plays that could fetch north of $2 billion, The Deal reported Friday.