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Wednesday, June 29, 2011 7:02:17 PM
The APC data look best, but come with a gotcha. APC, which owns a 25% interest in the Macondo well, may face an uncertain amount of liability for last summer‘s spill, although APC denies any responsibility. Plus APC has significant interests in the Gulf of Mexico. The development of some of these has been hindered by the moratorium on drilling (and the slower permitting process now that the moratorium is over). I should mention that APC has made three new discoveries in the Gulf of Mexico this year. Plus it has a recent big discovery off the coast of Ghana. These might factor into your decision about this stock.
This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.
Recent APC News
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