Apache Corp (NYSE:APA)

CAPS Rating: 5 out of 5

An independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids.

Recs

2
Player Avatar wcwhiner (36.67) Submitted: 12/29/2006 1:57:39 PM : Underperform Start Price: $62.72 APA Score: +25.99

Same reasoning as before: generic slowdown play. I see OPEC cuts as bearish, not bullish, for the oil complex. Demand shocks are good for prices and profits; supply shocks are only good for OPEC, and sometimes not even then.

Re-reentry after gains harvest. Stupid CAPS.

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