Unconfirmed Rumors circulate that SandRidge Energy, Inc. (SD) will be acquired at $18.00 a share by Apache Corp. (APA).. Apache shares were up over 17% at $16.05 in midday trading on Thursday, in a 52-week range of $3.80 to $33.77. Click to get a sign-in link sent to your email. Not all that long ago, shares of oil companies were trading as if almost the entire industry was facing bankruptcy. 3rd December 2018 - Hulkbuster Experience at Tokyo Comic Con 2018 . Latest News. Considering Apache's $12.88 billion in total assets, the debt-ratio is at 0.69. Sorry, no headlines or news topics were found. The company also has continued to … News, personal experiences, rumors and speculations about layoffs at your company. Apache had adjusted earnings per share of −$0.74, and the company noted that it was tracking toward the lower end of its $1 billion to $2 billion capital spending range for 2020. Credit Suisse has only a Neutral rating on Apache, but the firm raised its Suriname net asset value by roughly $3 per share to a new level of $10 per share, based on approximately 2 billion barrels of oil (equivalent) at its locations in Suriname. Apache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom North Sea. This was a $25 stock at the end of February and was above $30 in late January. Susquehanna has a Neutral rating, but the firm raised its target to $15 from $12. However, there are still major oil discoveries being found, and investors are still willing to reward oil companies on good news. The post-earnings report noted a solid second quarter, with costs and capital spending trending lower to an implied breakeven of less than $30 per barrel of oil in the second half of 2020. Page 1 of 1, Results 1 to 8 While Apache’s stock has surged, it was not just not the same reaction at all for Total’s American depositary shares. That is because the Apr … The next two exploration wells on Block 58 will be at the Kwaskwasi and Keskesi locations. This follows the January 2020 announcement of a discovery at the Maka Central-1 well. Apache's relentless pursuit of opportunity drives us to discover new resources, capture assets and acreage and build lasting value for our shareholders. Apache has a 50% working interest in the well, and the other half belongs to French oil giant Total S.A. (NYSE: TOT). TheLayoff.com is a simple discussion board for all of us who would like to learn more about the rumors or possibility of job cuts in our company. News; Recruitment; Events; Magazine; eNewsletter; Media Planner; Advertise; Subscribe; Anadarko Confirms Apache Offer. Investors in Apache Corporation APA need to pay close attention to the stock based on moves in the options market lately. Apache’s press release indicated that it has identified at least seven distinct play types and more than 50 prospective plays within the thermally mature play fairway. Apache announced that its Board of Directors authorized the company to create a holding company structure[1]. I read nothing into that event. Apache Corp. to create holding company, transfer some international subsidiaries Bizjournals 07:48 5-Jan-21 Apache (APA) Plans to Form Holding Company by First Half of 2021 Nasdaq 16:29 6-Jan-21 Apache Corporation Announces Fourth Consecutive Oil Discovery in Block 58 Offshore Suriname at Keskesi East-1 Well GlobeNewswire (Press Release) 12:05 14-Jan-21 Apache has been approached by an acquirer before; in November 2015, it was disclosed that Anadarko Petroleum (APC) was in preliminary talks to … The firm has a Buy rating on Apache, and its price objective is all the way up at $26. Houston-based Apache Corporation is set to spud its first well offshore Suriname by mid-year in Block 58 which sits adjacent to sections of the prolific Stabroek Block where ExxonMobil has found more than 5.5 billion barrels of oil equivalent. In fact, the stock started to spike minutes ago as rumors started to spread. please read our, Liquefied Natural Gas Market Impressive CAGR, Trends and Growth of Innovations by Top Key, Apache (APA) Hits Oil for the 4th Time in Suriname's Block 58, Apache Corporation Announces Fourth Consecutive Oil Discovery in Block 58 Offshore Suriname at Keskesi East-1 Well, Total, Apache make fourth oil, gas discovery off Suriname, The Zacks Analyst Blog Highlights: Kinder Morgan, Apache Corp, Whiting Petroleum, Oceaneering International and. 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The most aggressive post-earnings call came from BofA Securities. © Copyright 1997 - 2021 NewsNow Publishing Limited. Apache Corp. (NYSE: APA) announced after the close on Wednesday, along with earnings, a third consecutive Suriname oil discovery. Find the latest news headlines from Apache Corporation Common Stock (APA) at Nasdaq.com. Search results for "". Castlen Kennedy, a spokeswoman for Apache, said in an e-mail Monday that the company does “not comment on rumors.” A representative for Goldman Sachs declined to comment. There were more specific details on the findings, but Apache said that it will have a higher net pay and also will have better quality reservoirs than its first two discoveries in the block (Maka Central-1 and Sapakara West-1). JPMorgan has an Overweight rating and an $18 price target. Apache Corp. (NYSE: APA) announced after the close on Wednesday, along with earnings, a third consecutive Suriname oil discovery. Throw in a major recovery in oil prices, and the interest in oil companies has selectively returned. To see how, and to learn how to control cookies, HOUSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Apache Corporation (“Apache”) (Nasdaq: APA) today announced that its Board of Directors authorized the company to create a holding company structure. Suburbs — loosely defined as residential areas in close... ALSO READ: Jefferies Has 10 Stocks to Buy Now That Could Beat Q2 Earnings Estimates. By Michael J. de la Merced The oil and gas exploration and production company filed a Worker Adjustment and Retraining Notification Act … Apache Corporation Provides Fourth-Quarter Supplemental Information and Schedules Results Conference Call for Feb. 25, Total and Apache Corporation have made fourth discovery offshore Suriname, Moody's says Apache Corporation's creation of new holding company does not affect ratings, Apache (APA) Plans to Form Holding Company by First Half of 2021, Apache creates new holding company structure, renamed as APA Corporation, Apache plans to create new holding company, Apache Corp. to create holding company, transfer some international subsidiaries, Apache Plans to Create Holding Company Structure, Apache Corp. board OKs new holding-company structure, Apache Corporation Announces Creation of Holding Company Structure; Holding Company to be Named APA Corporation, Efficacy of AstraZeneca, Pfizer and Moderna vaccines compared, EU threat will not impact Covid vaccine deliveries to UK, says minister, Deaths involving Covid-19 in the UK pass 115,000, ONS figures show UK passed 100,000 Covid deaths by 7 January, Airport arrivals 'face £1,500 hotel bill' under incoming England Covid quarantine rules, UK to unveil hotel quarantine plans, public told not to book vacations. To understand the degree of financial leverage a company has, investors look at the debt ratio. Apache Corp. could ... is rumored to be closer to the close of a deal with Shell, but the lack of news as of late could provide an opening for Occidental to … Please try different keywords. On Jan. 14, 2021, Apache Corporation and Total S.A. announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. Results 1 – 8 of 8 Page 1 of 1. Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). Save Category as RSS Feed. What stands out here is that this was its largest to date. With the new discovery, BofA’s view is that the new resource scale is a story that is just getting started and a situation in which the Suriname assets are still poorly reflected in Apache’s stock price. Thursday, November 12, 2015. Total was last seen trading down about 0.8% to $38.01, and it has a 52-week range of $22.13 to $56.91. Apache Corporation's Suriname discovery with Total is massive - but this is just the start. Disney Japan were keen to feature our Hulkbuster AR Body-tracking Experience on the Marvel stand, taking pride of place at this year's Comic Con in Tokyo. The takeout case for Apache Apache's, (APA) stock popped nicely on the CVX/APC news, as did many shale players, but fell back a bit as the day wore on. Home Our Work News Contact Us. On April 2, 2020, Apache Corporation and Total S.A. announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. Stifel was even more aggressive, upgrading its formal rating to Buy from Hold and raising its price target to $18 from $13. What stands out here is … Credit Suisse raised its price target to $15 from $12 in that call. TheLayoff.com is live since January 31, 2009! Anadarko Petroleum Corp. gave truth to the rumors regarding a bid for Apache Corp. with a statement from the company’s chairman, president, and CEO Al Walker. The oil company says they expect to reduce their workforce across the company. The Apache Corporation agreed to sell its business in the Gulf of Mexico’s shelf for about $3.75 billion to a company owned by the private equity firm Riverstone Holdings. We worked closely with them to make this happen, and not needing much … Latest News Latest News Choose date and time: Thu 21 Jan Wed 20 Jan Tue 19 Jan Mon 18 Jan Sun 17 Jan Sat 16 Jan Fri 15 Jan Thu 14 Jan Wed 13 Jan Tue 12 Jan Mon 11 Jan Sun 10 Jan Sat 9 Jan Fri 8 Jan Thu 7 Jan Wed 6 Jan Tue 5 Jan Mon 4 Jan Sun 3 Jan Sat 2 Jan Fri 1 Jan Thu 31 Dec Wed 30 Dec Tue 29 Dec Mon 28 Dec Sun 27 Dec Sat 26 Dec Fri 25 Dec Thu 24 Dec Wed 23 Dec Tue 22 Dec × Houston-based Apache Corp. is planning a round of layoffs in Midland, Texas. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo. Apache Corp on Thursday cut its spending forecast for the year and slashed its quarterly dividend by 90% as shale drillers rush to shore up cash amid a crash in oil prices. Apache Corp declined to comment on Monday whether it has received and rejected an unsolicited takeover offer from an unidentified company as its shares soared as much as 13 percent. The earnings report shows how dire things were in the second quarter of 2020. Local News Apache Corporation reduces workforce by 10-15%. BofA sees Suriname adding $10 per share to Apache’s stock price, rather than what it said was closer to $5 per share as the street’s consensus value. What time is Prime Minister Boris Johnson's Downing Street press conference today? Apache Corp. Apache Corp. operates as an energy company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. cookies to improve your experience and customise advertising. Apache Corporation (NYSE: APA) was off to a rough day in the market today, but that didn’t last long. The latest News in the world of VR and AR from Apache. All rights reserved. Total S.A. will also cover most development expenses. By clicking "OK" or continuing to use this site, you agree that we may collect and use your personal data and set CMCSA: Comcast Corp - Stock Quote and News - CNBC The well is Kwaskwasi-1, and the company encountered at least 912 feet of net liquids pay in two intervals. On Apache, and the company company says they expect to reduce their workforce across the company encountered least. Topics were found Corp. ( NYSE: APA ) announced after the close Wednesday. Local news Apache Corporation Common stock ( APA ) announced after the on. 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