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This Oil Stock Is a Dirt-Cheap Buy

TheMotleyFool 
0 0 21.09.17
This Oil Stock Is a Dirt-Cheap BuyPhoto, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png
 
This Oil Stock Is a Dirt-Cheap Buy

August wasn't a kind month for many oil stocks, but it was downright brutal to my No. 1 oil stock right now, Apache Corporation (NYSE: APA). The month started out with the stock market hammering Apache shares over a disappointing earnings report and ended with Apache's Houston headquarters being closed due to Hurricane Harvey. Apache finished the month down more than 20%, far worse than ConocoPhillips (NYSE: COP), which closed down just 2.4%.

But in spite of all that, I still think Apache stock is a buy. In fact, it may be a better buy than ever. Here's why.

The stock market has beaten up shares of oil and gas industry player Apache over the past year. Image source: Getty Images.

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Source: Fool.com

ConocoPhillips Stock

€108.00
0.000%
The ConocoPhillips price is unchanged compared to yesterday.
With 87 Buy predictions and 1 Sell predictions ConocoPhillips is one of the favorites of our community.
As a result the target price of 111 € shows a slightly positive potential of 2.78% compared to the current price of 108.0 € for ConocoPhillips.
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