APA earnings call for the period ending June 30, 2020.
News & Analysis: Apache
GDP Plunge Sends Stock Markets Falling; UPS, Apache Jump on Strong Shipping, Encouraging Energy Trends
Even with the effects of the COVID-19 pandemic hurting the overall economy, some stocks still gained ground.
The energy company reported terrible earnings, but you have to take all the news in context.
Today's news is good, but it's not a permanent cure for what ails oil producers.
The oil driller's shares went way up, but quickly gave much of it back.
Inventories of just about everything related to crude oil are going up again, and demand is still way down.
The damage is done, so why stick around for the aftermath?
A reported OPEC+ extension is fueling a massive rally in the oil market.
Crude oil prices in the U.S. rallied back above $30 a barrel.
APA earnings call for the period ending March 31, 2020.