Is Apache slowly getting butchered?
15 replies (most recent on top)
Is this divestiture going to trigger more layoffs?
And not significant details about Alaska well testing, only some comment about rock quality… but size matters too…
When the bean counter is in charge of strategy…
They’ll probably try to acquire again. Smh I really think the only goal is to bankroll JC not to be that successful.
You guys just don’t understand banker bro mentality.
I remember what they ‘discovered’ Alpine. They said they’d sell the gas to Mexico at 2 times Nymex. What a joke. They might net a dollar in a great month if it’s even positive What else do they have left in the Permian besides all the Mentone water.
Another chunk of Egypt to the Chinese?
Apache still has assets? What a joke. This company is in freefall.
what is next for sale??
"Shares in APA (APA), formerly known as Apache, have fallen by a third this year, making it the worst-performing energy company in the S&P 500; the company said in March that it had cut 300 employees to reduce costs as part of an organizational review.”
Amazing how CEO hasn’t been fired.
Yes. Start applying elsewhere!
Don’t blame Callon. Blame Apache mgmt
This is what you do when you need cash to keep the lights on. Thanks, Callon!
Corp Dev
So they sold the rich oil shales and kept the gassy ones in Delaware Basin… seriously???