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Fly News Breaks for September 17, 2018
APA
Sep 17, 2018 | 16:13 EDT
Stephens analyst Gail Nicholson initiated Apache with an Overweight rating and $52 price target, stating that she believes the market is mispricing the value of its Altus Midstream joint venture and significant growth potential from Alpine High. One investor pushback on Apache has been lack of free cash flow generation, but Nicholson forecast approximately $1.9B of positive cash flow generation from 2019-2022, she tells investors.
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