APC Crosses Critical Technical Indicator Tuesday, June 30, 11:31 AM ET, by Market News Video Staff In trading on Tuesday, shares of Anadarko Petroleum Corp (APC) entered into oversold territory, changing ...
Apache Corp. (NYSE:APA) posted a 74% gain in third quarter earnings today. Results missed analyst estimates, but the stock is trading higher, perhaps on optimism in its production outlook, as well as its insistence it will close its acquisition of Mariner Energy (ME) later this month.
Apache is the #2 holding in the iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (AMEX:IEO), which is trading up 2.5% today. The top five holdings in the fund are Occidental Petroleum (NYSE:OXY), at 14.62% of the total, followed by Apache at 9.01%, Anadarko (NYSE:APC) with 7.79% of the portfolio, Devon Energy (NYSE:DVN) at 6.75%, and EOG Resources (EOG), at 6.16%.
This Article's Word Cloud:AnadarkoApacheAverageCorpDefinitionDefinitionsDevonEarningsEnergyExplorationJonesMarinerMarketNYSEOccidentalPriceProductionRelevantResourcesResultsShareStockacquisitionanalystcloseearningsestimatesfollowedfundgainholdingholdingsiShareslatermissedmonthoptimismportfoliopostedproductionquarterstockthirdthistodaytotaltradingwhichwillwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.