Apache Petroleum could DOUBLE says Morningstar
Posted: Wed Apr 10, 2024 6:31 pm
In March, Morningstar Research in their Monday morning podcast named TOP FIVE VALUE STOCKS which they believe have DOUBLE potential.
Two energy stocks made the cut: Exxon and Apache Petroleum (the latter was then about $30, now $35).
Apache Petroleum has just completed its acquisition of Callon Petroleum, an efficient Deleware Basin producer, which is expected to double
APA's production. Also, Apache is entering a joint venture with Total Energy of France to drill offshore Surinam in South America.
PE ratio is 3.8x
Yield is 2.9%
Two energy stocks made the cut: Exxon and Apache Petroleum (the latter was then about $30, now $35).
Apache Petroleum has just completed its acquisition of Callon Petroleum, an efficient Deleware Basin producer, which is expected to double
APA's production. Also, Apache is entering a joint venture with Total Energy of France to drill offshore Surinam in South America.
PE ratio is 3.8x
Yield is 2.9%