APA Corporation: Buckle Up For The 2022/2023 Natural Gas Withdrawal Season

Oct. 06, 2022 6:07 PM ETAPA Corporation (APA) StockAPA10 Comments

Summary

  • Natural gas rallied in Q3 and was over 80% higher than the 2021 closing level.
  • APA shares have soared, and the prospects are for higher highs.
  • The injection season ends next month. Inventories are low.
  • Europe faces shortages this winter.
  • More upside for APA shares is ahead for one of the leading independent energy companies.
  • Looking for more investing ideas like this one? Get them exclusively at Hecht Commodity Report. Learn More »
Gas burning with blue flames on the burner of a gas stove

HJBC

APA Corporation (NASDAQ:APA) explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company’s operations are in the United States, Egypt, and the North Sea of the United Kingdom, and APA also explores offshore energy opportunities in Suriname.

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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.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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