Why You Should Buy Oil Giant Apache Here

It's a rare energy play that combines profitability with reduced borrowing costs and few nonperforming assets.

Author:: Jerry Kronenberg
Publish date:: Jul 11, 2017 3:48 PM EDT

Apache Corp. (APA) - Get Report 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.

This article was written by a staff member of TheStreet.