Apache Corp. (APA) is a great way to play the struggling energy sector, TheStreet stocks columnist Stephen "Sarge" Guilfoyle says.
"If you want to bet on oil at low prices, [Apache] is where to go," Guilfoyle said in our latest monthly Trading Strategies roundtable, where our columnists discuss what moves investors should make.
Guilfoyle said Apache represents a rare energy company that's turning a profit, has cut borrowing costs and has gotten rid of nonperforming assets. Add in the company's potentially lucrative 300,000 acres of holdings in the West Texas oil-and-gas find known as the Alpine High and the columnist believes APA is a solid energy play.
"This is one company that's profitable both on the oil side and the natgas side," Guilfoyle said.