Professional
Added to YB: 2024-10-02
Pitch date: 2024-10-01
APA [bullish]
APA Corporation
+4.89%
current return
Author Info
No bio for this author
Company Info
APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.
Market Cap
$9.3B
Pitch Price
$24.72
Price Target
44.00 (+70%)
Dividend
3.80%
EV/EBITDA
2.42
P/E
6.33
EV/Sales
1.53
Sector
Oil, Gas and Consumable Fuels
Category
value
APA Corporation: Suriname Final Investment Decision Arrives
APA: FID for Suriname approved. 2028 first oil expected. Suriname key to FV of $44. Permian, Egypt & North Sea assets. Alpine High play offers gas optionality. Egypt modernized contract. Suriname could double production in 10yrs. Risks: geopolitical, Alpine High bet, Suriname uncertainty. No moat due to legacy assets, Suriname speculative.
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