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APA Apache UPDATE
Posted: Thu Sep 29, 2022 11:52 am
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
Re: APA Apache
Posted: Thu Sep 29, 2022 2:12 pm
by dan_s
All of the CEOs think their stock is grossly undervalued. Personally, I prefer that they payoff as much debt as possible.
Re: APA Apache Update
Posted: Mon Oct 03, 2022 8:16 am
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