Apache upgraded at KeyBanc, seeing more success offshore Suriname [Seeking Alpha]
Exxon Mobil Corporation (XOM)
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Energy | On the Move Apache upgraded at KeyBanc, seeing more success offshore Suriname Feb. 25, 2020 2:52 PM ET Apache Corporation (APA) Carl Surran Apache ( -4.2% upgrades shares to Overweight Apache announced a drilling partnership with Total in December and said it made a significant oil discovery in January, and Mariani thinks further explorations also will be successful. "Apache plans to drill at least two more exploration wells offshore Suriname in 2020, and we think these have a good likelihood of being commercial given the fact that Exxon has made 16 successful discoveries in the nearby Stabroek block offshore Guyana," Mariani writes. Results from a second well that the company is exploring should be available by May and could prove another catalyst for the stock, the analyst says. APA's average Sell Side Rating Quant Rating ' Rating See all stocks on the move » Now read: Earnings Distortion Scorecard: Week Of 2/24/20-2/28/20 » From other sites
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- Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costs [MSNBC.com]MSNBC.com
- Why ExxonMobil Stock Dropped on Earnings Friday [Yahoo! Finance]Yahoo! Finance
- Exxon Mobil and Chevron Report Lower Earnings [The New York Times]The New York Times
- Crude awakening: oil price rallies against backdrop of energy company earnings this week [BNN Bloomberg (Canada)]BNN Bloomberg
- Exxon and gas markets tell different stories [Reuters]Reuters
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