apache shooting additional seismic, page-6

Hi guys
The oil sector is out of favour without a doubt . But TAP needs to sell their gas assets to not only realise cash but also reduce future expenditure

The market is perhaps also risking Manora until production commences . I sense ( may be wrong ) that the oil price may fall a fair bit next year . The stocks are performing as gold stocked did before the gold price fell . I remember looking at gold stocks that were trading at low PEs throughout the sector . In taps case as they haven't started producing oil and will have some debt perhaps the market it treating them more harshly .
The lack of action on the gas assets sale front may also suggest that a deal has not been reached

It's not the only oil stock that looks like good value , cue , roc , hzn . Awe . Bru all seem to be trading at bug discounts to value