These APA sellers are LOSERS......and here is why:
APA just got $2B loan in a few months back with $800M at 4.25% and maturing in 2044, and another $1.2B loan maturing in 2023 at 2.62%..........I'd say that is CONFIDENCE in this company by the banks.
Use Limit orders on this stock if you want to BUY into it because someone has been selling an appearantly don't care what price he or she gets so LET them sell to you. The only reason that I can come up with for this desperation is OIL falling below $60/brl.
APA is currently a $26 Billion Company do you know how big that is!? At this moment in time it is worth approximately $15 Billion and I am being very nice. That means we still have some serious downside risk! Put things in perspective. Debt does not equal money contrary to what the Creature from Jekyll Island says (in this case).