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Sunday, March 24, 2013 7:33:47 PM
Apache has not been clear about its strategy; it is also operating in an unstable environment and is also facing debt problems. And therefore has been rightly punished by the investors.
It is down 43 percent since April 29, 2011. It experienced a fall of 30 percent in 2012 and its shares have lost nearly 4 percent in this year. The factors contributing to this downward spiral include its exposure to Egypt.
It has been the largest producer in the region and though Arab Spring is over, uncertainty is still to be found.
Another factor is its lack of clarity, which is apparent from its acquisition of Mariner Energy at a 45 percent premium over the Mariner's closing price the day before the deal was announced in order to become a player in the deepwater Gulf.
But now it is selling its deepwater assets in the Gulf of Mexico to plug a $1 billion hole in its balance sheet.
Oil & Gas | OTCBB | OTCQB | Pink Sheets
Purely my own opinion. This is not investment advise and do your own due diligence.
Recent APA News
- APA Corporation Provides First-Quarter 2024 Supplemental Information and Schedules Results Conference Call for May 2 at 10 a.m. Central Time • GlobeNewswire Inc. • 04/10/2024 11:30:04 AM
- APA Corporation Announces Updates to Executive Leadership • GlobeNewswire Inc. • 04/09/2024 08:41:53 PM
- APA Corporation Appoints Matthew Bob and Anya Weaving to Board of Directors • GlobeNewswire Inc. • 04/01/2024 01:45:56 PM
- APA Corporation Completes Acquisition of Callon Petroleum Company • GlobeNewswire Inc. • 04/01/2024 01:00:31 PM
- AppFolio Set to Join S&P MidCap 400; Inari Medical to Join S&P SmallCap 600 • PR Newswire (US) • 03/25/2024 10:15:00 PM
- APA Corporation Announces Timeline For Closing of Callon Petroleum Company Transaction; Issues Investor Slide Deck Highlighting Top-Tier Permian Performance • GlobeNewswire Inc. • 02/26/2024 10:51:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 02:22:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 02:20:30 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/22/2024 10:17:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 02:21:33 PM
- APA Corporation Announces Fourth-Quarter and Full-Year 2023 Financial and Operational Results • GlobeNewswire Inc. • 02/21/2024 09:13:52 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 02/16/2024 01:56:42 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/16/2024 05:15:11 AM
- Form S-4/A - Registration of securities, business combinations: [Amend] • Edgar (US Regulatory) • 02/13/2024 10:28:09 PM
- APA Corporation Declares Cash Dividend on Common Shares • GlobeNewswire Inc. • 02/08/2024 10:46:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 05:09:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 05:06:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 02:50:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/26/2024 05:37:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/26/2024 05:34:17 PM
- APA Corporation Provides Fourth-Quarter 2023 Supplemental Information and Schedules Results Conference Call for Feb. 22 at 10 a.m. Central Time • GlobeNewswire Inc. • 01/23/2024 09:15:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 02:02:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/10/2024 07:45:30 PM
- APA promotes Stephen J. Riney to position of President and Chief Financial Officer • GlobeNewswire Inc. • 01/09/2024 10:03:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 07:48:46 PM
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