Now RBC also has an "outperform" recommendation on APA.
"APA shares have shown ongoing relative weakness largely attributed to regulatory concerns," the broker said. "But our view remains that the impact on APA is likely to be low should the declaration threshold be lowered and long-dated given the regulatory/policy process and the focus on SWQP (South West Queensland Pipeline) where very long contracts exist for most of the capacity (to ~2030)."
RBC prefers Spark and APA over Ausnet Services and DUET Group.
The recommendations haven't helped the stocks: Spark shares are down 2 per cent at $2.24, while APA have dropped 1.8 per cent to $8.10.
