WPX Energy, Inc. (NYSE:WPX)

CAPS Rating: 3 out of 5

Recs

2
Player Avatar TMFDeej (99.29) Submitted: 2/22/2013 9:55:52 PM : Outperform Start Price: $15.03 WPX Score: -3.60

Barron's recently published an interesting article about how the former Williams (WMB) spinoff WPX Energy will be able to return to profitability even without an increase in the price of natural gas by renegotiating terrible legacy mid-stream contracts that it was saddled with over the next two years. That's just the sort of story catalyst that I like to see. Any increase in the price of natural gas, which I'm certainly not counting on would be gravy. So would the sale of the company's Argentina assets (yuck).Deej

Member Avatar Mega (99.97) Submitted: 5/27/2013 4:51:26 PM
Recs: 0

Apco is the best-run part of the business. It's really too bad that Argentina is so business-unfriendly.

Featured Broker Partners


Advertisement