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APA Corporation Stock: Acquisition of Callon Petroleum Creates Overall Win (NASDAQ:APA)

Offshore oil and gas platform at production site.  Jack up rig crude oil production in the North Sea.

Igor Alexeyev

proposition

what (NASDAQ:APA) announced that it has agreed to acquire Callon Petroleum (CPE) in an all-stock transaction for approximately $4.5 billion. APA fell 7.35% following the announcement, closing at $34.05 per share. This deal benefits APA.

3rd quarter realized price3rd quarter operating expenses
DVN$46.92/BOE$12.19/BOE
canine$54.37/BOE$10.51/BOE
PXD$52.13/BOE$11.58/BOE
APA (Permian only)$41.19/BOE$14.40/BOE
CPE$54.50/BOE$14.30/BOE

3rd quarter realized price3rd quarter operating expenses
What (all)$54.82/BOE$15.64/BOE
CPE$54.50/BOE$14.30/BOE

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