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APA Corporation (APA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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21.56+1.16 (+5.69%)
At close: 4:00PM EDT
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  • P
    Patient
    Onions! What happened, you deleted the $18 prediction?! crystal balling, too difficult
    Bullish
  • M
    Maurice
    With the price of oil above $60. there is no way the trend should be heading down hill . It should be headed toward $40 not below $20.
  • k
    kal
    Does anyone know the distance between Exxons Long Tail wells and Maka Central. I was looking at the maps and notice they seem rather close. Exxon said recently that Long Tail may hold more oil then its Liza wells. Thanks.
    Bullish
  • P
    Patient
    Oil at circa 15% average values above Q1 translates into some additional $150m net operating cash per quarter, or $600m a year. Q1 normalised free cash was $500m, $2b annual ie. free cashflow lifts to mid $2bn prior to any additional capex spend lifting production further.
    Bullish
  • W
    WSGuru
    Oil is up, inventory data coming up, market recovering.
    We will close $22+ this week
    Bullish
  • r
    rocco
    8.4 billion dollar market cap...thats it......they turned a massive profit without suriname flowing yet and the old deal in Egypt.....think about Total has to put up 8.7 billion dollars of the first ten billion in Suriname...THEIR WHOLE MARKET CAP....morgan stanley put an report that their could be over 5 billion barrels there...do the math....apparently the new deal in Egypt will be big ...they are massive land holders there and apparently the refreshed deal will allow for them to go after great prospects with good profits for both sides ....in round figures this should be worth double right now based on peer valuations like devon and others....
  • P
    Patient
    $502m free cash delivered in a quarter impacted by shut ins at 14,000 boe/d in US. Reactivation of rig and wells - 20 Permian and 2 Alpine High benefits to come, along with Egyptian discoveries. Net debt is likely to be down to $7b in the couple of months. At $2-2.5b free cash, this thing is worth at least $15bn net of debt, or double current price, without additional Suriname upside.
    Bullish
  • E
    E
    Total keeps the Maersk Developer employed for another 100 day. They extended the contract! (Source: upstreamonline)
  • J
    Jerry
    "Shave and a haircut" But this is temporary, market always over reacts in the short term. APA will be 30+ by years end.
  • D
    Dejan
    APA best oil play! great assets! 👍
    Bullish
  • W
    WSGuru
    Not too bad, a last hour push.
    The market maker cannot manipulate the prices much longer. This is at least a $30 stock and everybody knows it.
    Bullish
  • E
    E
    Also good to see that Total’s priority is to appraise the discoveries instead of new exploration, That gives some relief on the budget. The appraisal will help to unlock the real value of kwaskwasi, keskesi, sapakara And makka. Boost for SP.
  • S
    Stephen
    Why is oil getting slaughtered today??
  • C
    Casper
    Additional appraisal well awarded to Maersk Drilling in Suriname! Hopefully soon some good news on estimates!
  • J
    JG
    Because the USA has control of oil right now they can do whatever they want with it. up down. Arab nation is still not ramping up their supply. There is no way I'm dumping this stock till maybe $30.00
  • B
    Boss Shorty
    Sell in MAY always works for Apache ........... check the chart
  • R
    Robin
    APA just became is way better buy now. Most investors have little appreciation what the new Egyptian deal is. Egypt is a production sharing agreement, but the old terms had minimum percentages for the government. The government takes the vast majority of the value of a barrel. In the past and with newer fields and with oil prices in the $90s/bbl that was no problem - can still make a very good return. APA still makes very good returns, but only on their best projects. There are a ton of projects that are highly economic f not for such an onerous tax system. Older fields can benefit from waterfloods, but the the costs are high/bbl of incremental production and APA just needed a more fair split for projects like this. After the agreement done APA sees a lot of low hanging fruit for growth projects. and this is happening just in time as oil prices now surging. It may have been years of often too low oil prices, but the pandemic created the opening for the government to revised terms more practical for E&Ps. At $68/bbl, the government may not have bene as receptive to have started such talk. This is a big deal on top of APA being crazy undervalued to being with. Oil and gas prices back at 2019 levels when APA was #$35 and before massive new Suriname discoveries.
  • R
    R.J.
    .69 was last expected by consensus. $1.02 is terrific. 35 days into 2 nd quarter and oil prices even higher. Suriname not even priced in.... Hang on.... Going up!!!!
    Bullish
  • E
    E
    There is an Interesting presentation by Total, You can find it on YT- channel “staatsolie” (presentation by Ricardo Darre). Second half of presentation is Interesting.
  • P
    Patient
    Riney says investment grade debt to EBITDA multiple is key priority, targeting 1.5times. At Q1 EBITDAx of $1.1bn, this is probably achievable this quarter on +$60 oil, with net debt down to $7bn by 30 June!
    Bullish