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Activist investor moves in on Apache

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Report summary

Activist investor Jana Partners has written an open letter pushing Apache to 1) focus investment onshore North America and 2) exit the capital-intensive Kitimat and Wheatstone LNG projects. Retrenchment to the Lower 48 is already underway at Apache, but Jana Partner's involvement may accelerate the company's plans and stir interest in the stock market. 

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