$20 Short Possible for APA Contigent on Positive Earnings Call

5 במאי 2020

First off, please don't take anything I say seriously. As always, this is on opinion based basis. That being said, let me get into a few key points. Apache Corporation have recently been bearish as a result of the period we are in and the demand in oil going down. I believe realistically, if somehow they have a positive earnings call, they can quickly surpass the $20 threshold. If now, then we need to wait and see how the market will react once the demand curve for oil keeps going back up.