There will be problems with supply, esp. at the end of the range when in the low 8s late last year and mid 9s early this year. The supply falls off a cliff and the SP goes up dramatically. Today and the Credit Suisse analyst day last month are the only two days it has done the reverse.
Plenty of scope for the return to the $9s IMHO but pls DYOR.
APA's Growth Plans, page-47
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