% | $
Quotes you view appear here for quick access.

Apache Corp. Message Board

  • wes_w_weber wes_w_weber Feb 14, 2013 5:48 PM Flag

    See in Canada we have a metric that our Banks publish...

    It is called the debt to income ratio and Canadians are said to have a high ratio right now.

    If you take Apache's 300 Million in cash and compare it to its 11,000 Million in debt I would say that also is not a good ratio.

    If I were a vulture looking at Apache. I would wait for it to collapse under the weight of its own debt and then scoop up the pieces on the cheap below $40. But that's me...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Way to continue the fear-mongering. If you took a look at the debt to income ratio of most of the energy companies you would see the same thing...take Anadarko or EOG for example, more debt than cash, same story. Is it bothering their stock? Listen to the quarter, they are gonna pay down 2B in debt this year and have stopped the acquisition craziness. This is rear-view mirror stuff. Going forward, they're focusing on production, plain and simple.

61.821+0.141(+0.23%)10:40 AMEDT