EIPAF - APA Corporation: Providing Strong Returns And An Attractive Valuation
- APA Corporation is one of the few American independents with operations throughout the world.
- Today's high oil prices have allowed the company to generate significant free cash flow, which it has been using to conduct an aggressive share buyback.
- The company plans to grow production, primarily in Egypt, which should allow it to experience free cash flow growth over the next few years.
- Oil and gas prices are likely to remain high, which further positions the company quite well to see its growth story play out.
- APA looks incredibly cheap relative to its forward earnings growth, so may deserve a place in anyone's portfolio.
For further details see:
APA Corporation: Providing Strong Returns And An Attractive Valuation