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Apache Corp. Message Board

  • sprinklersh2o sprinklersh2o Sep 1, 2013 2:23 PM Flag

    Why would Sinopec pay $3.1 billion for 33 % of APA Egypt oil & and gas fields

    In my opinion with that kind of money a much better investment would be to $3.1 billion in APA stock. I might also put the money two other good energy plays with great assets like DVN or APC.

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    • Yeah. Great assets like DVN whose stock performance is almost a bad as APA and based primarily on their N. America resource strategy.....good luck. APA has no cash on hand. Haven't pulled anything out of Egypt is almost a they are trying to negotiate with all the Western operators on Egypt allowing them to produce additional "makeup oil" to take in kind because Egypt doesn't have a pot to #$%$ in. You watch and see how much stock buy back occurs....all will be spent on working capital, debt reduction.

    • Illustrates the reason you are not paid for your opinions.

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