Core Points - Cerro Grande Mining Corporation (CEG) has formally terminated the Asset Purchase and Contracts Assignment Agreement (APA) with Minera Tamidak Limitada due to the inability to make the final cash payment required by Tamidak [1][3] - The total purchase price under the APA was 3,900,000,000 Chilean Pesos (approximately CDN$6.08 million), of which CEG had already paid 2,600,000,000 Chilean Pesos through the issuance of common shares [2] - The final installment of 1,300,000,000 Chilean Pesos was due by June 1, 2024, and Tamidak opted for cash payment, which CEG could not fulfill [3] - As a result of the termination, CEG has returned all acquired assets, including mining concessions related to the Pimentón Copper Gold Mining Project, and the Lease Agreement for Mining Exploitation Concessions has also been terminated [4] - The Board of Directors is currently reviewing options and will provide updates as necessary [5]

Core Insights - APA Corporation provided supplemental information regarding its fourth-quarter 2024 financial and operational results, indicating that actual results may vary based on factors not identified in the release [1] Financial Performance - Estimated average realized prices for fourth-quarter 2024 are as follows: - Oil in the United States: $70.25 per barrel - NGL in the United States: $24.50 per barrel - Natural Gas in the United States: $1.00 per Mcf - Oil internationally: $74.75 per barrel - NGL internationally: $50.50 per barrel - Natural Gas internationally: $4.00 per Mcf [2] - The company reported a realized gain on commodity derivatives (before tax) of $1 million, dry hole costs (before tax) of $30 million, and a net gain on oil and gas purchases and sales (before tax) of $140 million [2] - General and administrative expenses for the quarter were estimated at $100 million [2] Production Update - APA curtailed approximately 23.5 MBoe/d in the fourth quarter due to weak or negative Waha hub prices, exceeding the previously issued guidance of 22 MBoe/d [3] Asset Sale Update - In September, APA announced the divestiture of non-core assets in the Permian Basin, which closed on December 31, 2024. The net proceeds from this sale were approximately $774 million after a deposit of $95 million and a purchase price adjustment [4] Shareholder Information - The estimated weighted-average basic common shares for the fourth quarter were 369 million, a slight decrease from 370 million in the third quarter of 2024. The company repurchased 4.6 million shares at an average price of $21.90 per share during the fourth quarter [5] Upcoming Events - APA will host a conference call to discuss its fourth-quarter 2024 results on February 27, 2025, at 10 a.m. Central time, which will be available for replay on the company's website [6]

APA (APA) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this oil and natural gas producer reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends i ...

Shares of APA (APA) have gained 8.4% over the past four weeks to close the last trading session at $23.70, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $30.08 indicates a potential upside of 26.9%.The mean estimate comprises 25 short-term price targets with a standard deviation of $7.16. While the lowest estimate of $22 indicates a 7.2% decline from the current price level, t ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

The most recent trading session ended with APA (APA) standing at $24.85, reflecting a +1.93% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.12% gain on the day. Meanwhile, the Dow gained 0.52%, and the Nasdaq, a tech-heavy index, lost 0.23%.The the stock of oil and natural gas producer has risen by 11.12% in the past month, leading the Oils-Energy sector's loss of 8.42% and the S&P 500's loss of 3.45%.Investors will be eagerly watching for the performance of APA in its ...

UK Labour Budget Impact - APA Corp (NASDAQ: APA) will face a tax increase on interests from 35% to 38% as part of the new Labour budget in the UK [1] Investment Group Services - The Value Lab offers members a portfolio with real-time updates, 24/7 chat support, regular global market news reports, feedback on member stock ideas, new trades monthly, quarterly earnings write-ups, and daily macro opinions [1] Investment Strategy - The Value Lab focuses on long-only value ideas, targeting international mispriced equities with a portfolio yield of about 4% [4] - The Valkyrie Trading Society shares high-conviction, downside-limited developed market ideas aimed at generating non-correlated and outsized returns in the current economic environment [3] Performance and Experience - The Value Lab has performed well over the last 5 years by engaging in international markets [4]

LYSAKER, Norway, Jan. 14, 2025 /PRNewswire/ -- The Norwegian authorities are offering Aker BP ownership interest in 19 exploration licenses on the Norwegian continental shelf in the APA 2024 licensing round. For 16 of the licenses Aker BP is also granted operatorship. The award consolidates our position as the most active independent exploration company on the NCS. "We are very pleased with the award that was announced today. It reflects a comprehensive application and gives us a foundation for maintaining ...

Exchange Offers and Tender Offers - APA Corporation announced the final results of its Exchange Offers and Tender Offers, which included the exchange of Apache Corporation's notes and debentures for new APA Notes and the purchase of up to $1,000,000,000 aggregate principal amount of Apache Tender Notes [1] - The Offers are expected to settle on January 10, 2025, with validly tendered and accepted Apache Notes being purchased, exchanged, retired, and cancelled on the Settlement Date [2] - The payment of each series of APA Notes issued in the Exchange Offers will be guaranteed by Apache, with guarantees effective until the aggregate principal amount of indebtedness under senior notes and debentures outstanding under Apache's existing indentures is less than $1,000,000,000 [3] Principal Amounts and Tender Rates - As of the Expiration Time, the aggregate principal amounts of Apache Notes tendered in the Exchange Offers and Tender Offers were as follows: - 7.70% Notes due 2026: $57,743,000 tendered (73.48% of outstanding) [6] - 7.95% Notes due 2026: $55,695,000 tendered (42.16% of outstanding) [6] - 4.875% Notes due 2027: $38,782,000 tendered (36.00% of outstanding) [8] - 4.375% Notes due 2028: $238,850,000 tendered (73.56% of outstanding) [8] - 7.75% Notes due 2029: $163,831,000 tendered (69.59% of outstanding) [8] - 4.250% Notes due 2030: $373,778,000 tendered (72.45% of outstanding) [8] - 6.000% Notes due 2037: $271,354,000 tendered (76.99% of outstanding) [8] - 5.100% Notes due 2040: $538,520,000 tendered (83.10% of outstanding) [8] - 5.250% Notes due 2042: $116,736,000 tendered (83.65% of outstanding) [8] - 4.750% Notes due 2043: $111,741,000 tendered (81.54% of outstanding) [8] - 4.250% Notes due 2044: $76,614,000 tendered (88.50% of outstanding) [8] - 7.375% Debentures due 2047: $126,160,000 tendered (84.11% of outstanding) [8] - 5.350% Notes due 2049: $330,094,000 tendered (85.35% of outstanding) [8] - 7.625% Debentures due 2096: $37,408,000 tendered (95.50% of outstanding) [8] Private Notes Offering - APA priced a private offering of senior notes in an aggregate principal amount of $850 million on January 7, 2025, with the net proceeds intended to purchase a portion of the Apache Tender Notes [15] - The notes issued in the Private Notes Offering will be guaranteed by Apache on the same terms as the APA Notes to be issued in the Exchange Offers, with the settlement date expected to be January 10, 2025 [15] Industry Context - APA Corporation, through its consolidated subsidiaries, explores for and produces oil and natural gas in the United States, Egypt, the United Kingdom, and offshore Suriname [19]