Apache Offering Possible 8.23% Return Over the Next 11 Calendar Days

Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 8.23% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock rose above the $95.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Apache is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Apache is bearish.

The RSI indicator is at 21.34 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Apache

Apache M-TADS/PNVS Team Receives Second Secretary of Defense PBL Award
Tue, 10 Dec 2013 18:35:22 GMT
noodls – Orlando, Fla., Dec. 10, 2013 – The U.S. Army and Lockheed Martin [NYSE: LMT] Apache Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) team was honored with a 2013 …

9:03 am Apache and Prometheus Energy expand LNG Footprint in Drilling & Completion Operations for Greater Fuel Savings, Lower Emissions
Mon, 09 Dec 2013 23:36:46 GMT
Briefing.com – 9:03 am Apache and Prometheus Energy expand LNG Footprint in Drilling & Completion Operations for Greater Fuel Savings, Lower Emissions

Prometheus Energy and Apache Corporation Expand LNG Footprint in Drilling & Completion Operations for Greater Fuel Savings, Lower Emissions
Mon, 09 Dec 2013 14:00:00 GMT
PR Newswire – HOUSTON, Dec. 9, 2013 /PRNewswire/ — Prometheus Energy Group Inc. (“Prometheus Energy”), a leading supplier of liquefied natural gas (LNG) to the oil & gas, mine haul, process industry and remote power generation sectors, today announced the expansion of its LNG Supply and Services Agreement with Apache Corporation (APA), a leading oil and gas exploration and production company, and the #1 on-shore driller in North America. The collaboration has resulted in a direct supplier-to-operator fuel platform to provide Apache with the ability to utilize LNG, a cleaner burning alternative gas over other fossil fuels, powering multiple drilling rigs and frac spreads. Under the expanded Agreement, Prometheus will provide Apache with additional LNG solutions for its new dual fuel and dedicated gas drilling rigs, as well as hydraulic fracturing pumping engines utilized by Apache's oilfield service providers. For over a year, Prometheus Energy has facilitated Apache's strategic focus on delivering reduced emissions, as well as lower costs, in its exploration and production activities.

Apache Corporation Announces Total Consideration For $850 Million Cash Tender Offer; Terminates Cash Tender Offer With Respect To 3.625% Notes Due 2021, 4.75% Notes Due 2043 And 4.25% Notes Due 2044
Fri, 06 Dec 2013 22:28:25 GMT
noodls – Download PDF HOUSTON, Dec. 6, 2013 /PRNewswire/ –Apache Corporation (NYSE, Nasdaq: APA) announced today the reference yields, Total Consideration and Tender Offer Consideration for each series of notes …

Apache Corporation Announces Total Consideration For $850 Million Cash Tender Offer; Terminates Cash Tender Offer With Respect To 3.625% Notes Due 2021, 4.75% Notes Due 2043 And 4.25% Notes Due 2044
Fri, 06 Dec 2013 21:10:00 GMT
PR Newswire – HOUSTON, Dec. 6, 2013 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) announced today the reference yields, Total Consideration and Tender Offer Consideration for each series of notes subject to its previously announced $850 million cash tender offer. The terms and conditions of the tender offer are described in detail in an Offer to Purchase dated November 21, 2013 and a related Letter of Transmittal. Based upon the results of the tender offer as of the Early Tender Time (as defined below) as reported in the news release issued this morning to report results of the tender offer as of the Early Tender Time, Apache determined that none of the 3.625% Notes due 2021, 4.75% Notes due 2043 or 4.25% Notes due 2044 would ultimately be accepted for purchase under the terms of the tender offer. Accordingly, Apache also announced today that it is terminating the tender offer with respect to the 3.625% Notes due 2021, 4.75% Notes due 2043 and 4.25% Notes due 2044. Any tendered 3.625% Notes due 2021, 4.75% Notes due 2043 and 4.25% Notes due 2044 will be promptly returned to holders.

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