Apache Corp.
2791 words —
Published Nov 30, 2012
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| Abstract: | Large, well-diversified reserve base. Several large international projects that enhance long-term reserve and production growth prospects. Favorable historical trends in reserve replacement and production growth. A modest financial risk profile and historically conservative financial policy. Participation in the highly cyclical exploration and production sector of the oil and gas industry. Periodic acquisitions to supplement organic growth. A weak intermediate-term outlook for natural gas prices. The ratings on Houston-based independent exploration and production (E&P) firm Apache Corp. reflect our assessment of the company's "strong" business risk and "modest" financial risk profiles. The ratings incorporate the company's large, geographically diversified reserve base, balanced exposure to natural gas and crude oil, and favorable multiyear reserve replacement and production trends. Standard&Poor's Ratings |
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| Brief Excerpt: | RESEARCH Ratings Definitions PDF Apache Corp. Publication date: 30-Nov-2012 Primary Credit Analyst: Lawrence A Wilkinson, New York (1) 212-438-1882; lawrence_wilkinson@standardandpoors.com Secondary Contact: Carin Dehne-Kiley, CFA,... |
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| Report Type: | Full Report |
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| Sector | Global Issuers
, Structured Finance |
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| Format: | | HTML |  |
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