Comment on Apache Posts Small Q1 Profit: Why Big Gains May Follow

Apache Posts Small Q1 Profit: Why Big Gains May Follow

Of all the oil and gas exploration and production companies reporting earnings this week, the one I've been watching most closely is Apache (NYSE: APA). The driller reported a big find in West Texas last year, dubbed Alpine High, and the company has altered its operations to exploit it. But that shift in strategy has led to short-term underperformance, which was on display in the company's Q1 2017 earnings reported May 4.

 

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