Apache Corp. (APA; $74.24--Nov. 20; Sector Perform; PT: $85)Focus on North American operations. Apache announced the disposition of two non-core U.S properties (South Louisiana and Anadarko Basin) with aggregate production of ~47 MBOE/d for total proceeds of $1.4 billion. The South Louisiana asset had current net production of ~21.5 MBOE/d (38% liquids). In the Anadarko Basin, Apache disposed of ~25.6 MBOE/d (17% liquids) of production. Both transactions are expected to close in Q4/14 and......
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