New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 14, 2013
14:47 EDTAPAApache sees FY13 CapEx $10.5B, total production growth of 3%-5%
Says approximately $4B of capital will be invested in onshore U.S. where production should grow in excess of 20%, driven primarily by the company's Permian and central region drilling programs. Projects North American oil production to grow by 14% in 2013, up from 12% in 2012. Additionally, the 2013 plan calls for $2.2B of investments in 10 year-long infrastructure projects, which represents nearly 21% of the total 2013 capital budget. As a result of this capital allocation choice and taking into consideration production declines in certain regions, Apache (APA) expects total production to grow by 3%-5% in 2013. Management says it has a robust project pipeline in motion that will provide a stable base of free cash flow for decades and include broad exposure to quality resource and exploration opportunities around the world. The company plans to drill more wells in 2013 than 2012, with an estimated total of nearly 1,600. Almost two-thirds of all planned wells will be drilled in the Permian and Anadarko basins of the U.S. and are expected to generate fully loaded after-tax rates of return in excess of 20% at planned commodity prices. For 2013, Apache plans to continue to accelerate activity as it ramps up drilling across extensive acreage position in the Anadarko and Whitenburg basins. Management noted it expects Q1 production to be down sequentially due to weather related events in Australia, however that downtime has been incorporated into FY13 production guidance. Comments taken from the company's Q4 earnings conference call.
News For APA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 18, 2015
12:48 EDTAPAApache volatility elevated as WTI crude oil trades below $40
Apache current 30-day overall call option implied volatility is at 49, compared to a one-month ago of 41; suggesting large price movement as WTI crude oil traded below $40/bbl level.
November 17, 2015
10:11 EDTAPAOptions with decreasing implied volatility
Subscribe for More Information
08:38 EDTAPAApache assets do not warrant a premium, says Canaccord
Subscribe for More Information
08:10 EDTAPAMitsubishi UFJ to hold a conference
Oil & Gas Conference is being held in New York on November 17.
November 16, 2015
08:05 EDTAPAEnLink Midstream acquires full ownership of Deadwood facility from Apache
Subscribe for More Information
07:42 EDTAPAAnadarko named a Top Pick at Cowen
Cowen moved Anadarko (APC) to a Top Pick, citing valuation and the company's ability to execute large, complex mergers. Cowen noted Anadarko approached Apache (APA) and declined when the deal did not happen, but the firm sees material upside for Anadarko shares. Cowen reiterated its Outperform rating and $87 price target on Anadarko.
November 13, 2015
15:52 EDTAPAApache to hold a conference call
Management discusses the company's North Sea Region's current operations and drilling success on a conference call to be held on November 17 at 10 am. Webcast Link

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use