This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jim Cramer's Mad Dash: Apache's CEO Is 'Absolutely Incredible'

NEW YORK (TheStreet) -- "This company is the most undervalued" among its peers, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said of Apache (APA - Get Report) on CNBC's "Cramer's Mad Dash" segment. 

The company has sold off $8 billion in assets, reduced its Egyptian exposure and boosted its U.S. exposure -- which includes the Permian basin and the Eagle Ford shale formation.

Cramer added that CEO Steven Farris "is absolutely incredible" and is trying harder than anyone else to create shareholder value. 

The End of Quantitative Easing and What It Means for Commodities

10 Best Used Luxury Cars Under $30,000

What Would a Tesla-BMW Deal Look Like?

Big Profits Coming to Investors in Big Bakken Infrastructure

EOG Resources (EOG - Get Report) and Anadarko Petroleum (APC - Get Report) trade at 3.5 times and 2.6 times book value, Cramer argued, while Apache trades at just 1.15 times book value. 

"This stock is going dramatically higher," he concluded.


-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had a position in APC.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
APC $92.65 0.00%
APA $66.32 0.00%
EOG $96.72 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs