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Woodside deal fails to save Apache

INVESTMENT banks and research firms may have given Apache the thumbs up for cutting its debt by $US2.6 billion thanks in part to selling stakes in major LNG assets to Woodside and offloading its Australian assets, but that didn't save the US oiler from a severe beating from shareholders.

Woodside deal fails to save Apache

Yet as "impairment season" hammers its peers, analysts believe Apache is well positioned to withstand the downturn and even achieve cash neutrality by next year. Apache's New York stock plummeted 18.2%...

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