Apache predicting lower numbers for 2Q

Egypt-heavy driller Apache is warning investors that its 2Q numbers are going to come in lower than forecast, Madison reports. The oil and gas exploration firm is predicting it will report lower numbers today and investors will be looking at their Alpine High exploration in Texas, which has been a point of focus lately. Moreover, “a seismic 3D project that should improve the company's production in Egypt hasn't wrapped up yet.” Any slip could see the stock come to attractive levels, as it has underperformed lately; the company is cash rich after offloading Canadian assets, the outlet notes.