Or this stock is going to zero. There is no reason in the world that Apache can't pay out 25% of cash flow while growing production a more modest 3-5%. Nobody is looking for 10% growth from APA anymore. They want to see a balanced approach. Farris must change course or be fired. His way is a total failure. Pay investors a real dividend and they will support the stock. Give investors the finger and you get the finger back.
OXY mirrors APA 's plays to some extent and pays a $2.16 dividend but still is getting hammered like APA. OXY's promise to boost the dividend if they can't move the needle has not stopped the bleeding.