Egypt Is Causing Serious Headaches for This Company
In this week's edition of The Motley Fool's energy-focused show, Drilling for Value, energy analysts Joel South and Taylor Muckerman discuss several topics around natural gas with Motley Fool senior analyst Michael Olsen, CFA.
With crude oil prices rising because of Egypt, one would expect an oil and natural gas company to deliver strong results. Unfortunately for investors, that hasn't been the case for Apache . The company holds a meaningful portion of its oil assets in Egypt, and uncertainty around Apache's ability to monetize them has led to market and peer underperformance. The value of the reserves here is well documented, but extracting that value could continue to prove difficult.
See the following video for more details.
The article Egypt Is Causing Serious Headaches for This Company originally appeared on Fool.com.Joel South and Michael Olsen, CFA, own shares of Devon Energy. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of Apache and Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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