free-cash-flow value higher at $90 oil for Apache.
Apache remains undervalued versus $90 oil — higher crude should translate into strong free cash flow and buybacks.
Apache is described as undervalued compared with a $90/bbl oil scenario, with the market pricing closer to $70/bbl. The thesis is that higher realizations quickly drive a “year’s worth of money” in roughly 90 days, enabling buybacks and shareholder returns.
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