APA Apache UPDATE

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Fraser921
Posts: 2953
Joined: Mon Mar 22, 2021 11:48 am

APA Apache UPDATE

Post by Fraser921 »

I think they are buying back shares hands over fist.

Here is an update on Sept 6th: Note page 15

https://investor.apacorp.com/static-fil ... 9b05d4d0e4
Last edited by Fraser921 on Mon Oct 03, 2022 8:17 am, edited 1 time in total.
dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

Re: APA Apache

Post by dan_s »

All of the CEOs think their stock is grossly undervalued. Personally, I prefer that they payoff as much debt as possible.
Dan Steffens
Energy Prospectus Group
Fraser921
Posts: 2953
Joined: Mon Mar 22, 2021 11:48 am

Re: APA Apache Update

Post by Fraser921 »

Production exceeds higher end
Estimated Average Realized Prices – 3Q22
Oil (bbl) NGL (bbl) Natural Gas (Mcf)
United States $94.00 $33.00 $6.80
International $100.00 $66.00 $4.10

Egypt tax barrels: 43 MBoe/d
Realized loss on derivatives (before tax): $2 million
Dry hole costs (before tax): $75 million

As predicted, they are buying shares hands over fist:

The estimated weighted-average basic common shares for the period is 329 million, compared with a weighted average of 341 million shares in the second-quarter 2022.

That's avg shares down 14.0 m. I think they bought back 21 m shares


The name is up 5.3 % premarket
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