Diamond Hill Capital Comments on Apache Corp

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Jun 26, 2014

Shares of oil and gas exploration and production company Apache Corp. (APA) responded to the company’s weakened competitive position relative to the domestic oil and gas industry.

We also eliminated oil and gas exploration and production companies Apache Corp. (APA) and Occidental Petroleum Corp. (OXY) and reinvested the proceeds into other opportunities that presented a larger discount to our estimate of intrinsic value.

From Diamond Hill Capital's Select Fund Commentary – First Quarter 2014.