TTFNF - APA Corporation: Stronger Oil Prices Provide New Catalysts
2024-04-02 11:21:45 ET
Summary
- APA Corporation stock has been struggling but has recently started to turn higher as its merger with Callon Petroleum draws closer.
- APA's merger with Callon will bring higher oil production and improved operational performance in the Delaware basin.
- APA's international operations in Egypt and potential projects in Suriname and Alaska provide additional growth opportunities.
Introduction
APA Corporation ( APA ) stock has struggled for several months, falling from the low forties to around thirty before finding a bottom in early March. In the last couple of weeks it's begun to turn higher, notably as the completion date for its merger with Callon Petroleum drew closer on the First of April....
APA Corporation: Stronger Oil Prices Provide New Catalysts