Image Courtesy: Reuters - Permian Basin
Investment Thesis
Houston-based Apache Corp. (APA) owns oil and gas assets in three different parts of the world, with a large portion in the US Shale, including the controversial Alpine High. Oil and Gas revenues come from three central areas:
The investment thesis is quite clear now. Apache presents a weak profile due to its strong presence in the US Shale and extensive exposure in Permian natural gas and despite other assets spread worldwide.
Source: APA Presentation
Apache has invested heavily in its Alpine High prospect, which