10 Best Up And Coming Stocks To Invest In 2015: Apache Corporation(APA)
Apache Corporation, together with its subsidiaries, engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company has exploration and production interests in the Gulf of Mexico, the Gulf Coast, east Texas, the Permian basin, the Anadarko basin, and the Western Sedimentary basin of Canada; and onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea, and onshore Argentina, as well as on the Chilean side of the island of Tierra del Fuego. Apache Corporation sells its natural gas to local distribution companies, utilities, end-users, integrated oil and gas companies, and marketers; and crude oil to integrated oil companies, marketing and transportation companies, and refiners. As of December 31, 2009, it had total estimated proved reserves of 1,067 million barrels of crude oil, condensate, and natural gas liquids, as well as 7.8 trillion cubic feet of natural gas. The company was founded in 1954 and is based in Houston, Texas.
Advisors' Opinion:- [By Tim Biggam]
Apache (NYSE: APA) shares were last down 1.6 percent, while Chesapeake Energy (NYSE: CHK) was down 1.11 percent.
Posted-In: News Commodities Markets
- [By Arjun Sreekumar]
In an effort to reduce debt and focus on its most profitable North American onshore operations, Houston-based Apache (NYSE: APA ) has divested more than $8 billion worth of assets over the past year, including assets in the Gulf of Mexico shelf, a third of its stake in its Egyptian operations, natural gas assets in Canada, and all of its energy assets in Argentina. But the company is still not satisfied, recently announcing another major sale in the Gulf of Mexico.
source ! from Top Stocks For 2015:http://www.topstocksblog.com/10-best-up-and-coming-stocks-to-invest-in-2015.html
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