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Stock Market & Financial Investment News

News Breaks
August 30, 2013
08:49 EDTSNP, APAApache sale of Egypt stake positive, says Wells Fargo
After Apache (APA) announced that it had sold a 33% stake in its Egypt business to Sinopec (SNP) for $3.1B, Wells Fargo thinks the deal will be positive for Apache's stock, as most on the Street had doubted whether the company could monetize its Egyptian assets, according to Wells. The firm thinks the deal will cause investors to focus more attention on Apache's U.S. assets. It keeps an Outperform rating on the stock.
News For APA;SNP From The Last 14 Days
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November 20, 2014
10:02 EDTAPAOn The Fly: Analyst Initiation Summary
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08:06 EDTAPAApache sees 2015 North American onshore production growth 8%-12% on BOE basis
Apache Corporation will provide an update to investors at its North American Update conference in New York. During the conference, Apache will state that it forecasts 2015 North American onshore liquids growth of 12%-16% when adjusted for 2014 asset sales. On a barrel of oil equivalent, or BOE, basis, the company projects 2015 North American onshore production growth of 8%-12%. This forecast assumes a preliminary North American onshore exploration and production capital budget of approximately $4B. The company presented a five-year compounded annual production growth outlook for onshore North American liquids of 12%-16% and 8%-12% on a BOE basis.
08:03 EDTAPAApache announces sale of non-core Louisiana and Anadarko assets for $1.4B
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November 19, 2014
17:09 EDTAPAApache initiated with an Outperform at Imperial Capital
Target $92.
November 14, 2014
09:38 EDTAPAJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).

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