APA Corporation Domestic Gains Supplemented By International Activity

Summary

• Apache Corporation, a $13.55 billion market cap US oil & gas company is making a comeback. US operations are supplemented by Suriname success and operations in the UK & Egypt.
• Like its peers, the company has benefited from higher gas and oil prices. Its pricing upside is not limited by hedges but it does face higher taxes in the UK.
• Focused international operations, the Suriname wells, and increasing US success may make APA Corporation equity interesting to energy investors seeking capital appreciation.

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APA Corporation (NASDAQ:APA)—formerly named Apache—has the majority of its production in the US, but also has legacy operations in the UK’s North Sea and Egypt, and discoveries in offshore Suriname (near Venezuela).

Because of the challenges of selling its Alpine

Analyst’s Disclosure:I/we have a beneficial long position in the shares of LNG, COP, XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.