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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 07:10 EDT
SunTrust analyst Neal Dingmann raised his price target for Apache to $40 from $32 following the company's announcement regarding significant oil and gas discoveries from its 1st Suriname exploration, saying it "fits well" into his original positive thesis driving his Buy rating. It appears that the Street is beginning to see Apache's conventional production optionality/exploratory upside, as showcased by Apache's pull-back from Alpine High and re-direction of capital to higher return projects, Dingmann adds.
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