|Company name||Apache Corporation|
|Live stock price||[stckqut]APA[/stckqut]|
|Confident Investor Rating||Poor|
The following company description is from Google Finance: http://www.google.com/finance?q=apa
Apache Corporation (Apache) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids. As of December 31, 2013, Apache had exploration and production interests in six countries: the United States, Canada, Egypt, Australia, offshore the United Kingdom in the North Sea, and Argentina. During the year ended December 31, 2013, it participated in drilling 1,591 gross wells, with 1,520 (96%) completed as producers. As of December 31, 2013, in addition to its completed wells, several wells had not reached completion: 160 in the United States (115.4 net); 17 in Egypt (17.0 net); and two in Argentina (0.3 net). The Company’s operations in United States and Canada are constituted under its North America business, while its International business constitutes its operations in Egypt, Australia, offshore the United Kingdom in the North Sea, and Argentina.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in Apache Corporation. It is not possible to confidently invest in a company that is not currently profitable. I am removing Apache Corporation from my Watch List.
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