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Summary The notion that profitless stocks should be avoided, no longer makes sense. The market has discounted them mightily, and 4% inflation - its effect on 50% to 60% revenue is minimal. We are likely at the bottom of this ersatz recession with minimal layoffs. We just have ...
Summary John Paulson’s 13F portfolio value decreased from $3.25B to $2.03B this quarter. Paulson & Company dropped SPDR Gold ETF and Exxon Mobil while increasing Horizon Therapeutics. The top three positions are at 43% of the portfolio. This article is part of...
Summary APA reported a net income attributable to common stock of $926 million or $2.71 per diluted share during the second quarter of 2021. The oil equivalent production has been declining for the past few years, with production this quarter of 384.6K Boepd. APA announced the...
APA Corp. ( NASDAQ: APA ) said on Tuesday it discovered oil offshore Suriname at the Baja-1 exploration well in Block 53, while it plugged and abandoned the Dikkop well in Block 58 after striking water-bearing sandstones. "Our success at Baja marks the sixth oil discover...
HOUSTON, Aug. 23, 2022 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58. Block 53 Baja-1 was drilled to a depth of 5,290 meters ...
Rising crude oil prices propelled the energy sector ( NYSEARCA: XLE ) to the top of the S&P sector leaderboard on Thursday, as front-month WTI September crude ( CL1:COM ) reclaimed the $90/bbl level, closing +2.4% to $90.07/bbl. U.S. natural gas prices ( NG1:CO...
Energy stocks are lower across the board early Monday, as crude oil futures plunge more than 4% to seven-month lows following weaker than expected Chinese economic data and the rising possibility for a revival of the Iran nuclear deal, which would add supply to global markets. ...
APA Corporation had incredibly strong 2Q 2022 earnings, although the company has redirected its focus to debt paydown over share buybacks. The company has a modest but sustainable dividend and is focused on buybacks and dividends, something we agree with. The company had a weaker ...
Vanguard Energy ETF is a broad bet on the crucial role of oil and gas in global energy supply. Renewable energy supply is increasing with decreasing costs and plans for increased capacity. Global demand for energy from all sources is also growing. So far, renewable energy has not ...
News that Elliott is involved in Suncor is not new, but we're starting to see the impacts of that. Elliott appointees will assist in a new CEO search, and expect the company to agree to a retail divestiture to raise capital later this year. $2,150mm in identified cost synergies ar...
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have hig...
2024-04-15 09:00:05 ET Devin McDermott from Morgan Stanley issued a price target of $28.00 for APA on 2024-04-15 07:42:00. The adjusted price target was set to $28.00. At the time of the announcement, APA was trading at $33.72. The overall price target consensus is at $4...