When Altus Midstream (OTC:ALTM) went public, there was some hope that the Apache (APA) dependency would be a plus. The coordination of production expansion could result in some decent profitability because there are other successful models of this type of successful relationship in the industry. However, sometimes a major game changing event occurs that calls the original assumptions into question.
In this case, Apache and Total (TOT) announced a major offshore discovery. One well does not prove anything. But the neighboring successes have the market speculating that this