APA Corporation: Massive Appreciation And More On The Horizon

May 16, 2022 7:30 AM ETAPA Corporation (APA) StockAPA12 Comments

Summary

  • APA shares exploded in 2022 before correcting.
  • Oil and gas prices support the gains.
  • Earnings are trending higher.
  • US energy policy and geopolitics favor higher highs for traditional energy prices.
  • The long-term chart shows APA has plenty of room to rise.
  • Looking for more investing ideas like this one? Get them exclusively at Hecht Commodity Report. Learn More »

Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field.

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In April 2020, the NYMEX WTI crude oil price fell to the lowest price since trading started in the early 1980s when it reached negative $40.32 per barrel. As the demand evaporated at the beginning of the global pandemic, there

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This article was written by

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Andrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals.

He runs the investing group The Hecht Commodity Report, one of the most comprehensive commodities services available. It covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. Learn more.

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