If your time horizon is at least 1 year? I have held this stock since the fall of 2007 and have yet to see it do squat for me. I am a patient man but ZERO return for 7 years and my patience is getting d@mn thin.
sorry.. yeah, approx. 200 Egyptian wells/20% APA total 2012 liquids to reinvest elsewhere which APA much did in 2013 resulting in a increase of 34% N.A. liquids. This is HUGE and QUICK which speak volumes as to their ability to execute. EXACTLY APA's PREVIOUSLY stated strategy which is again lost on "street" morons incapable of looking past their next #$%$. . Visually, APA increased activity in W/Camp alone is dramatic, I hear up north as well. 45 yrs. ago me wife's family started as Wildcatters in the Permian and say Farris and Co. are the smartest people in the business. APA is not broke. There is something going on in the drilling business driven by AMERICAN TECHNOLOGY that the lightweights may not get yet.. much less the nuances of this specific business (let alone many others). APA isn't a trade - it's an investment.