APA has been very quiet lately. There’s little talk about their subsidized position in Suriname 🇸🇷 or the 25ft of pay they discovered in a 10,000 ft well..
What’s really going on?
Will Apache sell Egypt?
The market does not think APA wants to P&A both the GoA and the North Sea…when they can drop it off on bp and Exxon….Just like Fieldwood did to them…
JC 2026 is the year that APA gets smaller
@44v never
@eg at what point do the executives realize they have “reduced” many good employees and the real problem is the c suite.
Alaska will need a gigantic discovery to be economic, not a cheap or easy place to operate. Not a surprise they are in not hurry to drill appraisal wells this winter.
here is the story. Total is waiting for the APA demise to get out from under the $5b carry. Otherwise there is no reason that there is not an FPSO on location now.
https://oilprice.com/Latest-Energy-News/World-News/Exxon-Crushes-Q3-Forecasts-on-Record-Guyana-and-Permian-Output.html
@jh that’s been intentional for decades. They capitalize as much as possible then complain DD&A is too high. But I agree their day to day operations are weak. It’s the assets and senior mgmt not the field employees
It appears APA’s leadership, particularly the CEO and CFO , may be manipulating how costs are reported to investors.
By moving expenses that should fall under operational costs into the capital expenditure bucket, they make it look like APA’s day-to-day operating costs are falling when, in reality, they’re just being hidden elsewhere.
This kind of accounting sleight-of-hand could mislead investors and potential buyers into thinking APA runs a leaner operation than it actually does. If that’s the case, it’s a serious breach of transparency and trust.
Wolf Research and major shareholders should demand clarity on how APA is classifying capital versus operational spending. If these shifts are intentional, the market deserves full disclosure, not accounting games that paint an artificial picture of efficiency.
JC sees that a bankruptcy like Fieldwood is workable. Offload North Sea on bp and Exxon and offload GoA back to bp and Chevron.
Sell Egypt for hard cash
APA has become the laughing stock in the industry. Prior to JC and his fathead high school buddy making stupid decisions , it was a respected company. They have nothing but lied continuously on its assets moving from one bad asset (Alpine High, Suriname, Alaska, Egypt, etc) to another to keep the interest of the investors. Come on BOD get rid of these buffoons.
We have professional fake narrative artists at Apache…remember Alpine High?
Remember AI drill location experiment?
They will paint a positive picture without stating adequately the liabilities….
Quality acreage position, top tier drilling runways, accelerated production declines, the enormous elephant 🐘 in the room…North Sea abandonment liabilities
Well, spending more from capital budgets for contractors and laying off employees on operational budgets, means reducing cost???? works only for two quarters. The bill is due later! Now the business is bleeding cash! New guys in charge have no clue!
Fear mongering. Chill out.
@ap dream company? What’s happening at APA? How’s the vibe?
Dear God please sell me with an asset... Sell me anywhere, anywhere at all