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Apache Corporation (APA)

NYSE - NYSE Delayed Price. Currency in USD
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43.05+1.30 (+3.11%)
At close: 4:01PM EDT
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  • R
    Rockey
    Rockey
    Sources in Houston tell me APA is going to have major announcement regarding Alpine in the next days. Looks like the field has more upside than previously announced.
  • R
    Rockey
    Rockey
    Breaking - APA seeking alternatives - plans sale of more properties
  • C
    Crash
    Crash
    Next destination $45. Shorts will gradually get off a long the route back to highway $50. Those that do not will have a rude awaking. Even though short float around 6%, there could be a strong move upward. The reduction of capital spending only curbs resources for oil exploration. As time goes on oil inventories will begin to evaporate and there will be a mad rush to get capital spending back in line. We are at the lows and five years from now we will a look back and say gee those were the bargain days. My opinion
  • C
    Crash
    Crash
    WTI $50 Brent $55. APA $42. What don't we know? Not sure I want to find out with next earnings report a bit away. The companies website has provided no further update on the disruptions to operations due to hurricanes. JPM downgrade may have some merit. My opinion
  • s
    sharon
    sharon
    Rockey went long and we are much happier at apache....my gosh who is he?? lol
  • R
    Rockey
    Rockey

    Alpine High production results disappoint

    Apache gives no further updates on well tests?

    The Houston oil company disclosed that output from five new wells drilled in the West Texas shale play produced 25 percent less oil on average than previous wells there, a figure that disappointed analysts and investors.
    "Bottom line, we're skeptical," said Hassan Eltorie, an analyst with the energy research firm IHS Markit. "And this is not an encouraging sign."
    Pearce Hammond, an analyst at the Minneapolis investment bank Piper Jaffray, agreed that the production results were disappointing. For instance, he said, one of the new wells was producing the equivalent of 270 barrels of oil a day per 1,000 feet of well, compared to 370 barrels per day per thousand feet in earlier wells drilled by Apache.
    http://www.houstonchronicle.com/business/article/Alpine-High-production-results-disappoint-10932954.php

    Alpine High production results disappoint
    Alpine High lost some altitude Tuesday after Apache Corp. reported that its much-trumpeted oil field discovery so far is producing less than analysts expected. In the first extended update since the discovery was announced in September, the Houston
    www.houstonchronicle.com
  • C
    Crash
    Crash
    Apa should easily blow away next quarterly earnings report regardless of what occurs at Alpine or with WTI. International productivity/earnings should be fantastic with the price of Brent and lower dollar. And, if they fail to show some fantastic results in this area, then the stock will tank. Do I think that will occur..no, but anything is possible. Mark this post. My opinion
  • D
    David
    David
    Well CRAMER is "table pounding" us to buy NUE, so I guess he has already sold out of APA and gotten into NUE. One would expect those transactions to have happened before the Cramer "table pound" buy recommendation for NUE?
  • R
    Rockey
    Rockey
    APA will benefit on this news

    BISMARCK, N.D. (AP) — North Dakota Bakken sweet crude oil is seeing increased demand and is temporarily priced at a premium due to recent hurricanes that hit Texas and Florida.

    North Dakota Pipeline Authority director Justin Kringstad says refineries on the Gulf Coast are trying to make up for shortages of gasoline and diesel fuel.

    He says Bakken runs well through refineries to maximize the yield, and the price of Bakken oil should stay up "in the near term" before going back down.

    North Dakota's oil production rose slightly in July and remained above 1 million barrels per day for the sixth consecutive month. State Mineral Resources Director Lynn Helms says if per-barrel prices rise above $50 as expected, production of a million barrels a day could become routine.
  • R
    Rockey
    Rockey
    Anadarko makes play on Apache again
    Heard on Post Oak - "Apache was saying, 'You're trying to take us over for a song, and we think we're worth a lot more than you're willing to pay.' "
  • C
    Crash
    Crash
    Shorts could be trapped. Announcement of dividend and with Brent headed back to $60, WTI sneaking back to $50's, this could be a terrible scenario for shorts. My feeling is if this hits $45 by weeks end, the will be a lot of shorts panicking over the weekend. Some may have gotten greedy and should have covered in the $30's. My opinion
  • C
    Crash
    Crash
    Needs to break into $43 to show some upside traction. It has been struggling to get out of $42's. Appears that selling takes hold in the $42.50 range. My opinion
  • R
    Rockey
    Rockey
    I was short before and made lots of $$.

    Now is the time to be long APA - I am using the $$ made by shorting to take long position now.
    The Alpine Field is a Word Class Discovery - which is a Company maker.
    Buy Buy Buy
  • L
    Lauren
    Lauren
    I think APA might have reached its upward limit and that a pullback may be possible. This is so frustrating trying to find trade ideas. I've subscribed to some email newsletters which helps me with new stock ideas. awesom*sto-cks is the one i like best.
  • C
    Crash
    Crash
    Will not get excited until I see APA cross $45. Shorts trying to keep her down. Short float is still around 6% so there is still a good opportunity for a massive squeeze. My opinion
  • s
    sharon
    sharon
    Apache will be leaner and meaner Crash as you put it ~~ i like your thinking and without a doubt LEAN means less debt and MEAN is recognizing Alpine High as the gem of an asset it is in shale!! whats not to love!! will a buyer step forward with gobs of cash...thank you,,
  • C
    Crash
    Crash
    ?? Why does Awe-some stocks spam?? Everyone knows they spammers and nobody I know goes to their sites. My opinion
  • C
    Crash
    Crash
    Great to see Execs were loading up in the $40's. That is a good sign. My opinion
  • s
    sharon
    sharon
    Alpine High production coming online:

    Apache's management had been predicting lackluster quarters to begin 2017. The company's much-heralded Alpine High find in West Texas was in need of critical infrastructure, which takes time to build. Its North Sea operations had to be suspended for planned maintenance and the installation of a subsea tieback to its Callater discovery.

    In the third quarter, though, Apache is predicting that oil and gas from Alpine High -- and there's a lot of it -- will begin flowing in earnest. The North Sea tieback was successfully completed in Q2, and oil and gas is now flowing there as well. In addition, the company sold off all of its underperforming Canadian assets to achieve a better (and more profitable) product mix. All this is expected to help improve the company's bottom line and improve production for the next several quarters. So much so, that by Q4 2018, the company is anticipating adjusted production of between 435,000 and 487,000 barrels per day, up from just 337,000 barrels per day in Q2 2017.
  • R
    Rockey
    Rockey
    Remember the news one year ago and then look at APA stock price from a year ago and where you are today.

    HOUSTON, Sept. 7, 2016 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced that after more than two years of extensive geologic and geophysical work, methodical acreage accumulation, and strategic testing and delineation drilling, the company can confirm the discovery of a significant new resource play, the "Alpine High." Apache's Alpine High acreage lies in the southern portion of the Delaware Basin, primarily in Reeves County, Texas.