More resilient than upstream and downstream assets. Midstream is immunised against the downturn but advantaged from a higher POO IMHO but pls DYOR. It is lower return than an exploration company but given its' Sharpe ratio, you will make a decent return on the market if people still need gas. If gas is not needed, a pipeline has a problem but if gas goes up in demand and/or supply then a pipeline is an ideal asset. The market don't understand APA in my view. It should be $10.
APA Price at posting:
$8.66 Sentiment: Buy Disclosure: Held
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