Jim Cramer Sees Apache (APA) as Good Egypt-Related Play
Tweet
Share
E-mailGet Alerts APA Hot Sheet
Price: $37.34 +1.52%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +144.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +144.8%
Join SI Premium – FREE
Following the news that the Egyptian president Hosni Mubarak has stepped down, CNBC Mad Money host Jim Cramer said Friday that Apache Corp. (NYSE: APA) is at the top of the list of good Egypt-related plays.
"I think that stock is a strong buy because the military is going to keep [their] relationship with Apache," Cramer said. "It's got the fastest growing profile and it does report next week."
Cramer added that 25 percent of Apache's cash flow comes out of Egypt, which uses its military as a force of stability.
Shares of Apache are up 1.66 percent to $119.67 in late market movement on Friday.
"I think that stock is a strong buy because the military is going to keep [their] relationship with Apache," Cramer said. "It's got the fastest growing profile and it does report next week."
Cramer added that 25 percent of Apache's cash flow comes out of Egypt, which uses its military as a force of stability.
Shares of Apache are up 1.66 percent to $119.67 in late market movement on Friday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- APA Corporation acquires Savant Alaska for $70 million plus contingents
- APA Corporation Advances Alaska Position with Strategic Acquisition
- Ryan Cohen isn't done chasing eBay (EBAY) - Barron's
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Jim CramerSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
