MM very recently purchased APA for our Active Income Portfolio but that doesn’t mean it cannot also reside in our Growth Portfolio, especially when we want to adopt a more defensive stance. This natural gas infrastructure business may well need to raise capital which could afford us an even better entry opportunity at the appropriate time, either way a forecasted yield in excess of 6% over the next 12-months is attractive from this utility stock when capital gains may become far thinner on the ground.
MM likes APA below $9
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