- Apache (APA) faces a dilemma in Egypt: whether to sell its substantial oil and natural gas operations there or wait out the recent violence.
- "Investors have plenty of risk in the stock market. They don't want civil war risk in their portfolios, too," Oppenheimer's Fadel Gheit says, but selling now would mean resorting to fire-sale prices.
- Analysts at Raymond James say fears about Egypt for APA's stock are overdone: "Political uprisings have happened before and the company has never lost a single barrel of production."
- APA also is among energy companies exposed to Libya, where lawlessness is spinning out of control.
Apache faces difficult choice in Egypt: Get out or wait it out
Aug 23 2013, 10:26 ET