Apache Corporation (APA), BP plc (ADR) (BP): Heading for an Exit as the Middle East Reaches the Boiling Point

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For Apache Corporation (NYSE:APA), the risks of operating in Egypt have simply become too great, which is why it makes sense to take some of that risk off of the table by selling a slice of its Egyptian operations. The company is still retaining a lot of the upside if cooler heads prevail and the violence in the region settles down. Meanwhile, it has secured a partner that is voraciously locking up resources, which could provide Apache with an easier exit down the road if it determines the need to fully exit Egypt. The company really is making the best of a difficult situation.

The article Heading for an Exit as the Middle East Reaches the Boiling Point originally appeared on Fool.com is written by Matt DiLallo.

Fool contributor Matt DiLallo has no position in any stocks mentioned. The Motley Fool owns shares of Apache. 

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