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) 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. 

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EOG Resources (EOG) and Anadarko Petroleum (APC) 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.

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