Do we like APA?
Hi James, Thank you for your market commentary. It’s good to get a brokers view of what is going on. I am interested to buy shares in APA Group. Looking at the price history they are very volatile, large swings up and down consistently over the years. Yet looking at their results over the years profitability seems to be very stable particularly at the EBIT level. As I would expect given the nature of the business. Can you please tell me what you believe drives the share price. Maybe its leveraged to interest rates but it has had wild swings up and down over the past 5 years when rates have been historically low. - Les