Where's the Next Play for the Giants of Oil?
What will they do with all that cash?
That’s the question investors are asking of major oil firms like Apache (NYSE: APA).
The company recently completed a slew of property sales, beefing up its coffers. First divesting its extensive Gulf of Mexico Shelf portfolio to privately-held Fieldwood Energy, for $3.75 billion. Then announcing the sale of one-third rights to its Egyptian…