+ Watch APA
on My Watchlist
An independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids.
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
Oversold. In a cyclical industry. Many projects with LNG in the pipeline.
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.
nat gas with oil
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
MHMMMMMM Oil. Check out those gas prices.
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