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APA Corp. (APA) Cuts Rigs In Half And Still Raises Its Oil Forecast
Insider Monkey1d agobearish
APA Corp. (APA) Cuts Rigs In Half And Still Raises Its Oil Forecast

On August 6, APA Corporation (NASDAQ:APA) held its second-quarter earnings call, and one number stood out from the rest. The oil and gas producer is now holding its Permian oil production steady with four drilling rigs, half the eight it once estimated it would need. Adjusted production of 347,000 barrels of oil equivalent per day […]

StockStory2d agobearish
Diamondback Energy, Permian Resources, APA Corporation, Viper Energy, and Comstock Resources Shares Are Falling, What You Need To Know

A number of stocks fell in the morning session after the Federal Reserve's interest-rate decision, pausing a recent rally even as Middle East supply risks remained in focus. Brent crude eased 1.1% to $107.61 a barrel, its first decline of the week, according to the Associated Press. Reuters reported that oil's retreat and steadier bond yields came as investors waited for the Fed's policy announcement later in the day. The pullback followed a sharp Tuesday rally that had pushed benchmarks near fo

Improving Industry Backdrop and Suriname Pipeline Expansion Could Be A Game Changer For APA (APA)
Simply Wall St.5d agobearish
Improving Industry Backdrop and Suriname Pipeline Expansion Could Be A Game Changer For APA (APA)

Zacks recently highlighted that the US oil and gas exploration and production industry has entered a more constructive phase, citing stronger commodity fundamentals and efficiency gains that support companies like APA Corporation with cash-generating core assets and a robust project pipeline. For APA, the combination of cost reductions, anticipated organic oil growth, and longer-term opportunities in Suriname, Alaska, and Uruguay underscores how operational discipline and international...