It’s been a tough couple of years for APA, but we like the stock ~$7.40. On a yield above 8% underpinned by a regulated asset base, we continue to think APA is a highly attractive income stock which is poised for capital appreciation/growth after Michele Bullock’s more dovish rhetoric this week – it’s in our Active Growth Portfolios Hitlist for a reason! We can see a retest of $9 over the coming years, where it was trading in May, on interest rate differentials alone.
- We like APA for its yield. We hold it in our Active Income Portfolio and have it on our Hitlist for our Active Growth Portfolio.
MM is long and bullish APA
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