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Apache Corp. Message Board

  • smisoltr06 smisoltr06 Dec 10, 2012 4:12 PM Flag

    Take a look at a few metrics on why APA is cheap here

    Forward P/E - 7.72
    Price / Book - 0.97
    Gross margins - 82%
    EPS 2012 - 6.25
    EPS 2013 - 9.90

    Nice rebound off the lows today, this should move back up shortly, buy here, don't sell.

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    • The metrics are all rather good, better than many of its peers.
      As other posts, and Cramer (sorry about mentioning him) say, Apache has significant exposure to Egypt. The price move is due to increased instability there. Look back at how Apache dropped relative to its peers during the original Egyptian strife and overthrow of Mubarak.
      If Moursi relents, and stops trying to become an absolute dictator of Egypt, you will see Apache move up in price nicely.

      Sentiment: Hold

    • APA and many oils and oil service cos. are breaking down. At this point there is so much uncertainty about energy demand that APA value is a crap shoot. BHI is a good company, but it's goling no where fast.

    • It may be cheap, but buying here is going against the grain BIG TIME. Let me list the reasons why:

      New 52 week low close? Check.
      Closed a lot closer to to it's low of the day opposed to it's high of day? Check.
      On heavy volume? Check.
      Broke down below support on a bearish flag? Check.

      Fundamentals are all well and good for a long term investor, assuming you know the entire story, but they mean diddly poo when it comes to short term price action. APA is breaking out to new 52 week lows in a major way, $60s are coming up and once the snowball gets pushed down the hill, you never know where it will stop at.

      I mean no disrespect but APA's chart is bearish with a capital B. It may reverse at any point but imo this selloff is just getting started.

      Sentiment: Strong Sell

39.05-1.69(-4.15%)Feb 5 4:02 PMEST