Investors are getting even more of what they say they want from Apache (NYSE:APA),
as this large independent oil and gas producer has reached an agreement
to sell down its stake in Egypt. Due in no small part to the
significant increase in political/operating risk in Egypt, many
shareholders and analysts had been vocal in calling for Apache to reduce
its exposure to the country. Although it sounds like Apache got a
reasonable deal, I am skeptical that it's really going to change
opinions on this company as it goes through a restructuring of its
operations.
Please read more here:
http://www.investopedia.com/stock-analysis/083013/apache-makes-another-move-reduce-business-risk-apa-snp-oxy-omvky.aspx
No comments:
Post a Comment