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Apache Corp. Message Board

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  • bbandassoc bbandassoc Nov 17, 2012 8:41 AM Flag

    Bought More below $75...

    New to this board. I have been in and out of this stock over time. Am holding a few shares with $95 cost basis. Would like to average down, but Egypt exposure concerns me. Will likely buy some more anyway at this level, but do you have an opinion on this exposure? I agree that these stocks trade way up and way down, so you don't want to miss buying low like this, but is $75 low, or is $60 low?? Obviously, you are buying slowly, so the answer may be both end up being low. Thx

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    • My opinion on the Egypt exposure is that a) stock has already discounted their operations there to 0. b) all the #$%$ happening is happening a long way from any oil fields over there. c) Egypt needs the cash and Apache resources.

      I bought on Friday. Would love more if it goes lower....or maybe even higher. I realize no one does this anymore, including me, but this would be a great stock to start accumulating for a five year hold.

      Sentiment: Buy

 
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