APA: Callon Deal Is No Homerun, But It Doesn't Have To Be
APA is a leading US E&P with significant international exposure through assets in Egypt, the North Sea and a 50% stake in Suriname's Block 58. In Suriname APA has partnered with TotalEnergies to develop the block with 700Mboe of current estimated resource expected to support a first 200Kboed FPSO from 2028 on. In January the company announced the acquisition of Callon Petroleum, in my opinion a crucial step to improve low reserve depth to bridge the time until Suriname delivers first oil.
APA (APA) Up 1.9% Since Last Earnings Report: Can It Continue?
APA (APA) reported earnings 30 days ago. What's next for the stock?
How Should You Play the U.S. Upstream Oil & Gas Industry?
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise focusing on companies like FANG, APA, MTDR and SM.
Why APA Corporation Stock Is A Bargain Now (Rating Upgrade)
APA Corporation is an $11.5 billion market cap U.S. and international oil & gas producer with a 3.2% dividend yield. Current operations are in the U.S., Egypt, and offshore UK. APA's acquisition of Callon Petroleum reinforces its Permian Basin position with oilier assets. The company has been impacted by lower natural gas prices. But gas demand, and prices, are improving. The company's exploration has given it interesting optionality offshore Suriname, with production there perhaps as early as 2027.
APA Announces Sale of Non-Core Producing Texas Properties
APA announces the divestiture of non-core properties for more than $700 million, aiming to reduce debt by the third quarter of 2024 and focus on high-value projects.
