Susquehanna initiated coverage of Anadarko Petroleum Corporation with a Positive rating and a $60 price target, suggesting roughly 35 percent upside from current levels. The firm believes regulatory concerns in Colorado, though remaining a near-term headwind, has rendered shares attractive, given its recent weakness and relative valuation. In April, an explosion and fire at one of the company's wells in northeast Colorado killed two people at a home near the well. In response, the company announced shuttering of 3,000 vertical wells in a precautionary move. The closed wells represented 2 percent of its production. Apart from lost production, the company may also be constrained by regulatory backlash over the accident.Source