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APA Group (APA) $11.45

Natural gas pipeline operator and energy infrastructure business APA like all in the space have recognised the deep need to transition towards renewables although they will need further work to grow with competitors on this front. Rising interest rates is not great for APA if they want to raise money for other infrastructure assets but for now they are well positioned as 99% of their contracted revenue are linked to inflation. In other words they are extremely well positioned to day to maintain its revenue flow and 4.7% dividend but the next growth step will be important to its performance over the coming years.

APA is not a cheap stock but with quality infrastructure assets scarce on the ASX we can see this valuation level being maintained, we currently like the stock under $11.

NB MM currently holds APA in our Active Income Portfolio

APA
MM likes APA under $11.00
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APA Group (APA)
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