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lucas20's Stock Forecast for APACHE CP (APA)

Submitted by lucas20 on Tue, 01/29/2008 - 14:22.

Stock

APACHE CP (APA)

Target

From $94.16 to $115.00

Target Date

4/1/2008
Hit target on: February 26, 2008

Current Price

$135.67
Market Outlook: Neutral
Top 3 Stocks: GLS,TEVA,GILD
College: Georgetown University

Authority:
9.64 (?)

Thesis:

Apache offers one of the best plays in the natural gas E&P space. Analysts are looking at sustainable natural gas prices around $8.50 in 2008 and $10.00 for 2009 (GS, Henry Hub). Apache is geographically diversified with interests outside of the US in Canada, Egypt, Australia, and other locales.

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