APA's Egypt concessions face rising sovereign payment risk as Cairo's FX reserves tighten and Red Sea-driven Suez revenues fall. Suriname offshore startup timeline keeps slipping while Permian production grows but lacks scale advantages of larger peers. Debt load constrains capital allocation flexibility. Signals from Egyptian payment delays and security incidents are accelerating.
Thesis reviewed May 29, 2026
APA Corporation is headquartered in United States, which is currently showing moderate signals.
🇺🇸United States48EARLYView United States risk detail →⚡Energy100REDUCE| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| WDS | Woodside Energy Group Ltd | 90 | +10% | ↓99% | ENTRY |
| SU | Suncor Energy Inc. | 90 | +14% | ↓99% | ENTRY |
| CVE | Cenovus Energy Inc. | 90 | +17% | ↓99% | ENTRY |
| TTE | TotalEnergies SE | 90 | +10% | ↓99% | ENTRY |
| BP | BP plc | 90 | -10% | ↓99% | AVOID |
| FTI | TechnipFMC plc | 90 | +20% | ↓99% | ENTRY |
| SHEL | Shell plc | 90 | +4% | ↓99% | NEUTRAL |
Investors who hold APA may also have indirect exposure through these country funds.
Egypt overdue receivables to oil majors at $1.5B
Suriname Block 58 first oil pushed to 2028
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Gilbert CisnerosCA | D | Buy | $1k–$15k | Jan 9, 26 | +31.4% |