{"id":32772,"date":"2014-10-06T05:46:44","date_gmt":"2014-10-06T09:46:44","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=32772"},"modified":"2014-10-06T05:46:44","modified_gmt":"2014-10-06T09:46:44","slug":"apco-oil-and-gas-international-inc-nasdaqapagf-share-price-hits-high-as-major-sellout-to-pluspetrol-likely","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/apco-oil-and-gas-international-inc-nasdaqapagf-share-price-hits-high-as-major-sellout-to-pluspetrol-likely-32772","title":{"rendered":"Apco Oil and Gas International Inc (NASDAQ:APAGF) Share Price Hits High, As Major SellOut To Pluspetrol Likely"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 10\/06\/2014 (wallstreetpr) \u2013\u00a0<strong>Apco Oil and Gas International Inc (NASDAQ:APAGF)<\/strong> is up for sale, as a privately held organization called Pluspetrol Resources Corp voiced its consent to <a href=\"http:\/\/www.reuters.com\/article\/2014\/10\/03\/pluspetrol-apco-oil-and-gas-deal-idUSL2N0RY1A720141003\" target=\"_blank\">purchase<\/a> APAGF. On Friday, October 3, 2014, Pluspetrol Resources Corp stated that they are eager to purchase the shares of APAGF for a whopping $427 million. This resulted in a significant 18% hike in the price per APAGF share!<\/p>\n<p style=\"text-align: justify;\"><strong>Stock Hits A 10-Month High<\/strong><\/p>\n<p style=\"text-align: justify;\">The hype and clamor settled to a net rise in Apco Oil and Gas International Inc (NASDAQ:APAGF) share value by $1.66, or 13.13% till the close of trade on Friday. Argentina\u2019s Pluspetrol showed keenness on purchasing the South America based APAGF, to strengthen its returns from the myriad basins located in Northwest Argentina, Austral and Neuquen.<\/p>\n<p style=\"text-align: justify;\"><strong>Shareholders Benefit From Apco Sellout<\/strong><\/p>\n<p style=\"text-align: justify;\">The terms associated with the agreement pertaining to the purchase of Apco Oil and Gas International Inc (NASDAQ:APAGF) by Pluspetrol reveals that each Apco shareholder shall be entitled to receive a significant worth \u2013 a value of $14.50 per share. This is approximately 14.7% in addition to the closing price of Apco ($12.64) on October 02, 2014. The news caught the eyes of most of the investors, consequently pushing up the rate of purchase of APAGF shares on October 03, 2014. Incidentally, this led to a decent leap for APAGF\u2019s shares in recent times \u2013 considerably, the biggest leap over the past 10 months.<\/p>\n<p style=\"text-align: justify;\"><strong>Confirmation Awaited<\/strong><\/p>\n<p style=\"text-align: justify;\">Though the deal is conferred and the agreement is most likely, it still awaits the confirmed approval from the various Apco stakeholders panned out across Colombia and Argentina. Pluspetrol operates in Peru and Argentina, and is considered the lead producer of gas and crude oil in Angola and basins in Bolivia.<\/p>\n<p style=\"text-align: justify;\"><strong>High Returns Likely<\/strong><\/p>\n<p style=\"text-align: justify;\">Apco stated in a press statement that its primary stakeholder \u2013<strong> WPX Energy Inc (NYSE:WPX)<\/strong>, that owns a whopping 69 in Apco has okayed the agreement by supporting this imminent deal. The investors showed surging sentiments of profitability, and hence pounced on buying APAGF\u2019s shares in a bid to attain high returns after the prospective sellout.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 10\/06\/2014 (wallstreetpr) \u2013\u00a0Apco Oil and Gas International Inc (NASDAQ:APAGF) is up for sale, as a privately held organization called Pluspetrol Resources Corp voiced [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[10115,10116,10118,10117],"stock_ticker":[],"class_list":["post-32772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-apco-oil-and-gas-international-inc-nasdaqapagfs","tag-nasdaqapagf","tag-nysewpx","tag-wpx-energy-inc-nysewpx","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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