+ Watch APA
on My Watchlist
An independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids.
With a semi-partnership with Sinopec and exploring spirit, what is not to like about this company except strain relations with China and the likelihood oil price will drop below $90. Enjoy the honeymoon.
This is a well run company sitting on a lot of high potential oil land.
Underappreciated range of oil/gas assets from which they are generating far superior production growth than their large cap peers. Issues in Egypt, where they have some production, have clouded investor judgement when actually the company is continuing to move forward well. Increasingly aware of shareholder value requirements via sale of peripheral assets.
The increased use of horizontal drilling for the production of Oil and Natural gas liquids will be money makers even if oil prices decline and they will make a lot if prices increase, Increases likely due to the never ending problem in the Middle East. Play the right companies right here in U.S. and cash in.
ht Mark Hulbert, insider buying
I am long APA I have a price target around 100. They are around their 52 week low and this is a LNG play
One of the largest E&P companies out there, massive market undervaluation.
Solid reserves, good mgmt, undervalued now
Still need oil though.
Price-to-book = 1
Near book value.
APA is cheap on all the basic fundamentals. Oil has been hit hard recently and gas is still very cheap, when commodity prices rebound, APA will soar.
"Apache (APA) is attractively priced at $87 per share. The firm's 1.98 price-to-sales ratio is in line with today's prevailing market multiples."
low P/E, P/BV. High margins.
The CEO is NOT Audrey McClendon!!! The Apaches also have a wide number of petrol/NGas field products in stable countries. When energy revives, they will climb and they may get bought.
natural gas only going to be in more demand in the coming years. It burns cleaner than gasoline, there is plenty of it in the US, and other countries are developing around it as well.
http://wiki.fool.com/The_Graham_Number Formula: Fair value=Sqrt(22.5*EPS*BV) I expanded it a little by also using EPS Normalized and Tangible BV My current Graham Number Valuation Range for APA: $136.09 to $140.77Figures derived from current Scottrade research data
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