Energy Prospectus

My initial valuation of APA is $50 per share. My forecast/valuation model for APA has been posted to the EPG website.

TipRanks: "In the last 3 months, 17 ranked analysts set 12-month price targets for APA. The average price target among the analysts is $42.18. The 17 price targets range from $35 to $61 by Neal Dingmann at Truist Financial.

Hi Dan,
do you have a Capex estimate for APA for 2024?
Regards,
Klaus

They have not announced their 2024 capex program. My guess is that it will be within the range of $2.0 to $2.5 billion. So, according to my forecast, free cash flow should be close to $2 billion, $5.30 per share.

Keep in mind that my forecast does not give any value for APA's world class projects that won't come online during the forecast period.

APA

I hope Neal Dingbat is right! I guess we need to wait for the second quarter unless the war erupts. It is hard to wrk against the administration!

Marc Wolin