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Apache Corp. Message Board

  • gordonfan4life2 gordonfan4life2 Nov 16, 2012 4:10 PM Flag

    Bought More below $75...

    Slow accumulation on this weakness. Oil and gas up today, with Apache and Devon down. I see a vicious sell-off followed by a healthy bounce at some point, but buying slowly always works better for me. Natural resource stocks will always see rebounds, and a cold winter could cause a nice bounce this winter.

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    • New to this board. I have been in and out of this stock over time. Am holding a few shares with $95 cost basis. Would like to average down, but Egypt exposure concerns me. Will likely buy some more anyway at this level, but do you have an opinion on this exposure? I agree that these stocks trade way up and way down, so you don't want to miss buying low like this, but is $75 low, or is $60 low?? Obviously, you are buying slowly, so the answer may be both end up being low. Thx

      • 1 Reply to bbandassoc
      • My opinion on the Egypt exposure is that a) stock has already discounted their operations there to 0. b) all the #$%$ happening is happening a long way from any oil fields over there. c) Egypt needs the cash and Apache resources.

        I bought on Friday. Would love more if it goes lower....or maybe even higher. I realize no one does this anymore, including me, but this would be a great stock to start accumulating for a five year hold.

        Sentiment: Buy

54.40-1.03(-1.86%)Apr 29 4:02 PMEDT