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Nice TMF article on APA:

A Peek at Apache
By Toby Shute October 26, 2007
Thus far this year, the energy sector has absolutely smoldered. The Energy Select Sector SPDR (AMEX: XLE) has outrun the broad market by more than 20%, and you would have done quite well by allocating a chunk of your portfolio to the broad-based ETF, whose holdings include supermajor ConocoPhillips (NYSE: COP), refiner Valero Energy (NYSE: VLO), and driller Transocean (NYSE: RIG). But thanks to the company's upstream leverage, Apache's (NYSE: APA) investors have done even better.

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Apache is a good long term buy and hold kind of stock.
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