Apco Argentina, Inc. (NASDAQ:APAGF)

CAPS Rating: 4 out of 5

The Company is engaged in the exploration, production, and development of oil and gas in the Entre Lomas concession located in the provinces of Rio Negro and Neuquen in southwest Argentina.

Recs

1
Player Avatar UltraContrarian (31.77) Submitted: 5/7/2009 8:35:14 PM : Underperform Start Price: $19.40 APAGF Score: +3.81

This is partly a hedge against green thumbs on Argentine banks and telecom. But also, it appears a bit overpriced and the chart is strange looking. I don't normally accuse people of "manipulating" equities but at first glance it seems that the price action is not really responding to changes in the value of the company but something else.

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