Smart acquisitions will fuel Apache

APACHE CORP. $107 (New York symbol APA; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 336.6 million; Market cap: $36.0 billion; Price-to-sales ratio: 4.1; Dividend yield: 0.6%; WSSF Rating: Average) produces oil and natural gas from properties in the U.S., Canada, the U.K., Australia, Egypt and… Read More

Devon aims to cut risk

DEVON ENERGY $67.59 (New York symbol DVN; SI Rating: Speculative) (405-235-3611; www.devonenergy.com; Shares outstanding: 446.8 million; Market cap: $30.2 billion; Dividend yield: 1.0%) has agreed to sell its shallow-water properties in the Gulf of Mexico to Apache Corp. for $1.05 billion. To put the purchase… Read More

Rising production should pay off in 2010

APACHE CORP. $102 (New York symbol APA; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 336.4 million; Market cap: $34.3 billion; Price-to-sales ratio: 4.0; Dividend yield: 0.6%; WSSF Rating: Average) raised its daily production by 9.2% in 2009. Even so, its earnings fell 50.2%, to $5.59… Read More

New LNG plant for EnCana

ENCANA CORP $34.31 (Toronto symbol ECA; Shares outstanding: 750.3 million; Market cap: $25.7 billion; SI Rating: Average; Dividend yield: 2.3%) should benefit from a new liquefied natural gas (LNG) terminal in Kitimat, B.C. This plant will convert natural gas from northeastern B.C.’s Horn River area… Read More

APACHE CORP. $98 – New York symbol APA

APACHE CORP. $98 (New York symbol APA; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 336.2 million; Market cap: $32.9 billion; Price-to-sales ratio: 4.1: WSSF Rating: Average) produces oil and natural gas from properties in the U.S., Canada, the U.K., Australia, Egypt and Argentina.

The company gets… Read More