Apache Corp (APA)
An independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids.
Recs
Energy's rolling over and Apache's leading the way.
Recs
oil is overbought in the near term.
Recs
Oil is overbought
Recs
unless there is an oil crisis, or a takeover bid, APA will remain flat
Recs
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.
Recs
Declining prices for crude and natural gas will necessarly presure earnings. The big run up in price over the past couple of years has the secruity priced so that it will be difficult to match the market in preformance.
Recs
dependent on oil and NG spot prices

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