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APA Corporation (APA)

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  • G
    Grateful
    $CPE conversation
    The thing is that oil companies across the globe have been doing a lot less drilling, even with the increase in price. Normally the price goes up, oil companies increase spending, drill more to meet the higher price and then the price comes down. For the first time, that hasn't happened. So it doesn't matter what the Saudis and anyone else want the price of oil to be at, or what effect it will have on the economy. Once the existing wells are at full capacity that's it until more wells are drilled. That takes time, not just money.
    DIAMOND HANDS!
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    $CDEV $XEC $SM $MTDR $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA
  • G
    Grateful
    $CPE conversation
    Oil Extends Gain From 2018 High With Saudis Upbeat on Demand
    Ben Sharples: Tue, June 1, 2021, 8:37 PM

    (Bloomberg) -- Oil extended gains after closing at the highest since October 2018 as OPEC+ provided an upbeat assessment of the demand outlook and the prospect of a speedy return of Iranian barrels to the market waned.

    Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said demand “has shown clear signs of improvement” as the alliance ratified an output boost for July. His Russian counterpart also spoke of the “gradual economic recovery,” with the comments driving West Texas Intermediate up by 2.1% and pushing Brent above $70 a barrel at the close for the first time since 2019.

    Adding further support to the market was an indication that talks to revive a 2015 nuclear accord with Iran has been delayed for now. An Iranian official said a deal is now expected to be finalized in August.

    Oil is up around 40% this year as the recovery from the pandemic in the U.S., China and parts of Europe boosts the outlook for fuel consumption, despite a Covid-19 resurgence in countries such as India. Global demand may rebound to levels seen before the outbreak in a year, according to the International Energy Agency, signaling a quicker comeback than its previous estimates.

    The prompt timespread for Brent was 41 cents in backwardation -- a bullish market structure where near-dated prices are more expensive than later-dated ones. That compares with 9 cents at the start of last week.

    OPEC+ ministers agreed Tuesday to press ahead with an increase of 841,000 barrels a day in July, following hikes in May and June, although the group didn’t give any hints on future supply moves. There’s reason to be cautious about the second half of the year, with the outlook dependent on two hard-to-predict factors: the coronavirus and nuclear talks between Iran and the U.S.

    Diplomats had hoped to fully restore the nuclear deal before Iran’s June 18 presidential elections, after which the presidency of Hassan Rouhani will wind down. An agreement is expected to result in a lifting of U.S. sanctions and an increase in Iranian oil exports, although there are varying estimate on how much crude could return to the market.
    DIAMOND HANDS!
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    $CDEV $XEC $WES $SM $MTDR $FLNG $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA
  • G
    Grateful
    $CPE conversation
    Why Oil Keeps Rising Even as Other Commodities Pull Back
    Avi Salzman: June 2, 2021 11:09 am ET

    Prices of commodities like steel and corn have pulled back from the highs they hit last month, but oil has continued to climb, buoyed by signs of increasing travel around the world and new pressures on supply.

    Brent crude futures, the global benchmark, were trading 0.4% higher, to $70.56 a barrel, on Wednesday. West Texas Intermediate futures were up 0.3%, to $67.94 a barrel.

    Oil has risen for some of the same reasons as other commodities — the speed of the reopening and supply shortages in some areas.

    But other factors are also at play that may prolong the oil rally even as some other commodity prices have begun to decline. Morgan Stanley analyst Devin McDermott wrote in a note published Wednesday that political dynamics were likely to cap the growth in oil supply even as demand continues to rise in the years ahead.

    The International Energy Agency recently wrote that oil-and-gas companies would have to keep their capital expenditures at or below 2020 levels for the world to achieve net zero carbon emissions by 2050. McDermott expects public company shareholders will demand that companies adhere to this rule. Exxon Mobil (ticker: XOM), Chevron (CVX), and Royal Dutch Shell (RDS. A) all faced reckonings last week over their climate impacts, and the pressure will only grow.

    Demand, however, may not drop as much as supply — though there is a robust debate going on about whether demand has already peaked or could keep rising for at least another decade.

    Morgan Stanley oil strategist Martjin Rats expects demand will keep rising to 107 million barrels a day by 2033, from 100 million barrels at the start of 2020. To satisfy that increasing demand, Rats expects state-owned oil companies and private firms will have to ramp up production, and oil prices will need to rise to fund that expansion. Currently, public companies account for about half of oil supply. Prices might even have to rise to $80 a barrel to induce private companies and state-owned ones to cover the gap. Rats increased his long-term Brent price target to $60 from $50.

    McDermott thinks that different stocks will outperform depending on oil prices. At $60 West Texas crude prices, APA, formerly Apache (APA), Diamondback Energy (FANG), Ovintiv (OVV), ConocoPhillips (COP), and Devon Energy (DVN) look attractive, he says.

    At $70, those stocks still look good, as do companies with more financial or operating leverage like Murphy Oil (MUR), Occidental Petroleum (OXY), and Continental Resources (CLR).
    DIAMOND HANDS!
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    $CDEV $XEC $WES $SM $MTDR $FLNG $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA
  • G
    Grateful
    $CPE conversation
    Maybe OPEC and big oil across the globe are going to send a message to the Dem0crumbs and assorted 1ibera1s. You want to get rid of us so bad, we're just going to stop increasing production. Let's see how you do then. We'll be doing great when the price of oil hits $200 a barrel. It's possible that they all could get together when Dem0crumbs and assorted 1ibera1s are in fact trying to end the use of oil. Oil producers have to fight back or disappear.
    DIAMOND HANDS!
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    $CDEV $XEC $WES $SM $MTDR $FLNG $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA
  • G
    Grateful
    $CPE conversation
    Brent nudges towards $70 on rosy U.S. data, oil demand outlook
    Thu, May 27, 2021, 9:33 PM: By Florence Tan
    SINGAPORE (Reuters) - Oil prices pushed higher on Friday, supported by firm U.S. economic data and expectations of a strong rebound in global fuel demand in the third quarter, while concerns eased about the impact of any return of Iranian supplies.

    Brent crude futures for July gained 16 cents, 0.2%, to $69.62 a barrel by 0050 GMT while U.S. West Texas Intermediate crude for July was at $67.17 a barrel, up 32 cents, or 0.5%.

    "Oil headed higher on robust U.S. economic data and growing sentiment that if the Iran nuclear deal is revived, it will not include an immediate removal of sanctions and that the oil market will not get quickly flooded with excess supplies," OANDA analyst Edward Moya said in a note.

    Brent and WTI are both on track to post weekly gains of 5% to 6% as analysts expect global oil demand to rebound closer to 100 million barrels per day in the third quarter on summer travel in Europe and the United States following widespread COVID-19 vaccination programmes.

    Robust economic data from the United States, the world's largest economy and oil consumer, also buoyed risk appetite. The number of Americans filing new claims for unemployment benefits fell to the lowest since mid-March 2020, beating estimates.
    DIAMOND HANDS!
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    $CDEV $XEC $WES $SM $MTDR $FLNG $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA
  • G
    Grateful
    $CPE conversation
    A green marubozu is the most bullish candlestick that there is...extreme bullishness! CPE is looking darn close. I bet that at least one oil stock has one today...solid green, no wick at all.
    DIAMOND HANDS!
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    $CDEV $XEC $WES $SM $MTDR $FLNG $SU $OXY $MRO $LPI $KOS $VET $CVX $XOM $SUN $WLL $OAS $EOG $COG $APA
  • G
    Grateful
    $CPE conversation
    WHO THINKS THAT THIS EMILY GUY IS A PROFESSIONAL BASHER, PAID BY HEDGEFUNDS TO DEPRESS THE PRICES OF PETROLEUM STOCKS WHILE THEY LOAD UP?
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    $APA $MRO $XOM $CVX $BP $RDS $TOT $OXY $CDEV $SU $LPI
  • C
    Chadjerious Johnson
    Anything can happen.... but it’s hard not to think that $APA is about to rip higher... looks ripe.
  • D
    Dom
    $APA conversation
    $APA is a BUY. Total ($TOT) bonus payment incoming for offshore Block in Suriname.
  • C
    Chadjerious Johnson
    When Energy turns around today, will $APA break $19.00...??
  • b
    bucknaked
    $TELL conversation
    @jama and others. It's important to hold a diversified portfolio across not only sectors but also within a sector.

    In the Energy sector for Natural Gas I own $TELL but also own refineries (i.e. $DCP) and also pipelines (i.e. $ENLC). So be sure to diversify and not through all your eggs in one basket. So of my total investment in NG about 20% is drilling, 35% pipelines and 30% refining and 15% futures.

    For oil I own another set of companies ($MRO, $APA etc) for drilling, $PAA for pipelines and $WES, $NCLX for refining etc.
  • T
    TradeSavvy
    There will be a good rally tomorrow and onwards on airplanes $LUV $DAL $AAL $UAL - why because retails up $PVH $LB $GAP- energy up $OXY $APA- cruise up $CCL $NCLH- theaters up $AMC $CNK- transportation up - restaurants up $DRI $CMG - even home builders , hotels and rental cars are up lol... so IMO this is bottom for airlines from this week.. 2 months chart speaks itself and earning reports are priced in too.buy and hold.. GLTA 👍
  • T
    TradeSavvy
    CRUDE making noise again - good time to be in after taking profit before OPEC deal news last week.. Go $APA Russian and Saudis to cut more oil production on VDO conference soon to avoid loss.. hold tight and buy the news here..
  • T
    TradeSavvy
    Added another position again today- Hopefully it will pay big by next week. $APA
  • T
    TradeSavvy
    Oil bottom is done - We could see $10 soon here.. $Oil $APA
  • J
    Jack
    $OXY conversation
    Yahoo I realized that most of the Authors here also post in other Oil Stock Forums. I bought Occidental after reading Yahoo hosted Occidental web page and thinking that I am fooled by Internet Authors. I have raised a complaint to Financial Conduct Authority UK $BP $APA $MRO $CVX $RDSA
  • J
    James
    $MRO conversation
    Thanks to all who gave me good feedback to my last post. I have a position in $APA. I'm looking to diversify within the sector. My final question for you guys is. Do you see $MRO or $DVN being the better buy?
  • A
    Auytast
    $APA conversation
    $APA Rising with good volume. MACD, Stochastic oscillator and RSI go green, according to stoxline.
  • T
    TradeSavvy
    $OXY $APA $NBL $ENBL has more potential this week - load up and enjoy!
  • 해운대k
    $CDEV conversation
    Is it true that shale companies in the U.S. need more than $50 to resume oil drilling? I think it depends on each shale company's situation. I'd like to hear from the locals in the United States.

    $cdev $cpe $qep $oas $apa $ar $oxy $lpi