Orbost Gas Processing Plant works completed and of operations and production has proceeded in accordance with start-up plans. Was at 25TJ/d and will ramp up to 19.75 Pj annum which is equivalent to 54 Tj/d. APA is a very experienced operator and would be expected to make a announcement should the plant not be operating as expected. This part of the business is very small not sure how much of the business it is but relatively insignificant. APA has been a reliable partner to the oil and gas industry for sometime and has experience within the company, funding at low rates, future opportunity and would be a preferred partner to most of the industry. The last dividend and its increase of 4% on the corresponding period gives me confidence this is a buy anytime below $10.00. No company annoucement to the contrary confirms all is well at APA.
APA Price at posting:
$9.65 Sentiment: Buy Disclosure: Held
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