APA – Approaching Support
APA is likely to find increased buying support between the $9.50 and $10.25, supported by 4.5% dividend yield and single-digit earnings growth.
About APA – Our 7,500-kilometre East Coast Grid of interconnected gas transmission pipelines provides the flexibility to move gas around eastern Australia, anywhere from Otway and Longford in the south, to Moomba in the west and Mount Isa and Gladstone in the north. In Western Australia and the Northern Territory, our pipelines stretch thousands of kilometres to supply gas to power major cities, towns and remote mining operations.
Apart from our interconnected natural gas pipelines, we own and operate the Ethane Pipeline which supplies ethane from the Cooper Basin production facility at Moomba, South Australia, to an ethylene plant in Botany, Sydney.
And it’s not just pipelines. We also own and operate the Mondarra Gas Storage and Processing Facility and the Emu Downs Wind Farm in Western Australia, Diamantina and Leichhardt Power Stations in Queensland, the Dandenong LNG Storage Facility in Victoria and the Central Ranges Gas Distribution Network servicing Tamworth in New South Wales.
