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Chevron (CVX) and Apache (APA) each agree to acquire 50% interests in the Kitimat liquefied...

Chevron (CVX) and Apache (APA) each agree to acquire 50% interests in the Kitimat liquefied natural gas project and proposed Pacific Trail Pipeline from EOG Resources (EOG) and Encana (ECA), with CVX becoming operator. CVX and APA also will acquire 50% interests in ~644K acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia from EOG and ECA, with APA becoming operator.
Comments (3)
  • I currently own APA and COP stock & would appreiate any comments on the future of these investments.
    24 Dec 2012, 09:32 PM Reply Like
  • I'm long CVX, APA and several of the larger energy stocks.
    1st..the World Debt situation is a big concern of how it will effect
    energy and stocks Long Term. 2nd..Seems more of the Governments are bring hugh law suits against which can become a big factor.
    3rd...many of the Socialist/ Dictator governed are demanding more and more of the energy pie. Unfortunately this usually does not filter down to the people.
    Problem is, where is a better place to invest your money?
    25 Dec 2012, 10:13 PM Reply Like
  • CVX is making a big investment in British Columbia. They probably do like the idea of additional investment in Canada which enjoys a sane and democratic government and is not likely to harass them.
    26 Dec 2012, 10:08 PM Reply Like
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