APA Corp. Shows Signs Of Growth In The Permian Basin (NASDAQ: APA)
This week, I will be walking you through APA Corporation (NASDAQ: APA). APA, once known as Apache Corp., is an international O&G E&P based in Houston, Texas. Before we hop into the analysis, there have been some interesting headlines relating to the energy industry this week.
Williams Companies (NYSE: WMB) is considering bidding on LNG “developer” Tellurian (NYSE: TELL) as the firm undergoes challenges in funding their Driftwood LNG export terminal. Tellurian was created by ex-Cheniere head Charif Souki as an attempt to repeat his success at the now cash flow-positive LNG exporting company. I personally don’t see this deal going through as Tellurian has made nearly no headway in getting the Driftwood project constructed.
ExxonMobil (NYSE: XOM) is pushing back against the Biden administration in their stringent hydrogen tax credit requirements as the firm seeks to tap into this novel energy source. ExxonMobil isn’t the first firm to voice concerns over the inability to attain these credi…
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