APA is worth more dead than alive. Sell off the pieces and pay me the money.
do it....sell at the bottom!
Sentiment: Strong Buy
There goes your credibility. You predicted a quick ascent to $125 on Saturday. Five days later, you're calling for liquidation.
Here's my share value calculation on liquidation:
Sell deepwater GOM and 2 LNG projects = $3b + $5b
Use $8 billion to reduce debt to $5b. Cash flow is unaffected. 5.5X PE mutiple on $10b cash flow = $55b MC
$55b MC - $5b debt = $50b EV / 391 million sahres = $125/share
APA is going to $125. But it'll go there a lot faster if it announces it's liquidating the company over the next 18-24 months. Price would jump 20% in one day and not look back.
Take that back. It was Sunday and three days later.