Shares of the thirteen stocks in our deepwater leverage group regained $6.9 billion of market capitalization since the last issue. Anadarko and ATP Oil & Gas posted 11% gains over the three weeks. BP and Cobalt International Energy were the only stocks down, and they were off just 1%. Halliburton is up 3% vs. its pre-Macondo price; Ensco, Pride International, Apache and Cameron International have only single-digit losses.
The legal wrangling continues even though the......
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