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Stock Market & Financial Investment News

News Breaks
June 20, 2014
10:33 EDTAPAApache puts active as shares trend to two-year high
Apache June weekly 98, 99 and July 99 puts are active on total put volume of 7500 contracts (1100 calls) June weekly and July put option implied volatility is at 23, October is at 24; compared to its 26-week average of 21 according to Track Data. Active put volume suggests traders taking positions for price movement.
News For APA From The Last 14 Days
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February 2, 2016
15:16 EDTAPAS&P takes rating actions on U.S. investment-grade E&P companies
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January 29, 2016
07:36 EDTAPAAnalysts still predicting mergers as oil slump drags on, WSJ reports
Bankers and analysts have been predicting a wave of merger activity will come almost since crude prices began to fall from over $100 a barrel, but the only big acquisition by an oil major so far has been Shell's (RDS.A) purchase of BG Group (BRGYY), said The Wall Street Journal, which added that analysts still believe deal-making is likely to return this year if prices continue to languish. With Chevron (CVX) set to report today and its big peers soon to follow, analysts are expecting the four biggest publicly traded Western oil companies to have their weakest combined profits since 1998, the Journal noted. The report noted that U.S. shale oil producers, such as Apache (APA) and Whiting Petroleum (WLL), were previously targeted though potential sellers were reluctant to accept offers as they hoped for a rebound in oil prices and potential buyers wondered if any deal struck would look expensive if crude prices fell further, but "both impediments are gone now," the Journal contends. Reference Link

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