As you state the problem, an investment by BX seems like a solution.
BX has deep pockets, a vision for the future and strong leadership.
I'd like them investing in my company.
I'll take 'johnny come lately' when I buy at the low.
"But when there's blood running in the streets".
We are encouraged by the quick progress the company is making in reducing its cost structure. Indeed, its average drilling and completion cost is already down 15% through the first half of the year. This has APA optimistic that it could potentially exceed its full-year reduction target of 25% from 2014 levels. Furthermore, lease operating costs per barrel of oil equivalent were down 13% in Q2. The company has also taken steps to significantly reduce general and administrative expenses this year by realigning its regional operating structure to drive greater efficiency and technical collaboration. In addition, APA used a portion of the $5.7 billion in proceeds received in Q2 from the sale of its LNG interests and oil and gas properties in Australia and Canada to repay $2.7 billion in commercial paper and short-term credit facilities. As a result, its liquidity position remains in great shape with $3 billion in cash and only $9.7 billion in long-term debt with no portion coming due before 2018. Thus, APA continues to put itself in great position to benefit from the eventual and more sustainable recovery in oil prices that we still believe will materialize on shrinking global production levels over the next 12 months. APA remains a BUY
Their Sept 11 report offers the following:
'Will use their sizeable cash position to enter digital markets'
'Quickly developing digital infrastructure'
'Aggressively reducing cost structure'
'Expect earnings to sharply rebound in 2016'
'Target price is 28 in the next two years'
Forbes Spl Sit Survey is a subscription service.
They recommend 1 stock per month and generally follow it for 2 +/- years.
As name implies, they seek 'special' situations.
Their track record is pretty good.
Fidelity Analysts -- "Very Bullish"
SHLO and their products are here to stay.
TIME is their September pick this month.
Is anyone out there??
Buyers are crashing the gate.
Why? They see value and growth.
A robust dividend that seems secure surely helps.
A few 'buy' recommdations by analysts doesn't hurt.
SApple Hospitality REIT Inc: "I think these are good. I think that this thing yields 7 percent, and that's probably wrong. The stock should be higher and the yield lower. This group has been crushed today, I think it's opportunity."