Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, the Texas Panhandle, and Gulf Coast areas of the United States, as well as in Western Canada and Gulf of Mexico. The company also operates assets in Egypt and the United Kingdom in the North Sea. As of December 31, 2015, it had total estimated proved reserves of 794 million barrels of crude oil, 198 million barrels of natural gas liquids, and 3.4 trillion cubic feet of natural gas. Apache Corporation was founded in 1954 and is based in Houston, Texas.
+8% pop this morning on news: http://finance.yahoo.com/news/apache-discovers-3-billion-barrel-123622592.html Apache Corp. said it made a “significant” discovery in a Texas shale formation that holds enough crude oil to supply every refinery on the U.S. Gulf Coast for a year. The Alpine High discovery in West Texas contains an estimated 3 billion barrels of oil and 75 trillion cubic feet of natural gas, Apache said in a statement on Wednesday. The asset is in the Delaware Basin, a subsection of the Permian Basin that has been a hotbed of acquisition activity among oil explorers this year. Shares rose 7.9 percent to $55.74 at 8:34 a.m. before the start of regular trading in New York. “This is a world class resource," Chief Executive Officer John Christmann told investors at a Barclays Plc conference in New York on Wednesday. “We are very early in starting to understand how big this is going to be."
Sitting right at support and oversold. I'm not invested or playing this one, just pointing out an observation.
$APA breakout, retest, bounce -- solid action. $XLE stocks getting trader attention again. posted by HCPG on stocktwits.com
Whenever There is a move like this bag holders cry manipulation and traders just follow it. It broke previous support hard with strong volume. Horrible P/E and Analysts Hate it. Probably going to $36. Become a Trader and make profits both ways and don’t try to tell a stock what you think it should do. Just profit from what it does.
