|Day Low/High||36.46 / 37.48|
|52 Wk Low/High||14.51 / 39.82|
The firm prefers the small- and mid-cap names in the lucrative west Texas Permian Basin.
The oil producer said it acquired packages in the lucrative west Texas play in multiple deals totaling $600 million, and one industry source said Apache was among the seller group.
Shares of the independent oil and natural gas company slumped on Wednesday after the company announced an 'upsized' or secondary offering of its shares.
Gobbling up privately held acreage may continue to be a major priority for strategics in 2017, but so too will asset sales and equity raises as low leverage remains vital.
Jim Cramer ponders how oil and math don't mix, and the fate of Wells Fargo's Stumpf.
Use available weakness in the trading range to initiate or increase positions.
Jim Cramer has suggested stocks to own after the OPEC decision to curtail production.
The OPEC agreement puts a floor under oil I don't think will ever again be breached.
The supposed OPEC deal is just a desperate action to stop oil prices from collapsing again.