Geopolitical instability in the Persian Gulf may keep oil prices higher for longer than many investors expect, a favorable backdrop for APA’s internationally exposed portfolio. The independent oil and gas exploration and production company is cutting costs and reducing debt, giving it the ability to grow cash flow and return capital to shareholders. APA’s Suriname offshore project offers upside to shareholders as its potential value isn’t yet reflected in the company’s stock price. Energy markets have been roiled by the loss of more than a billion barrels of oil from the global supply since the U.S. and Israel attacked Iran in late February. Each day the Strait of Hormuz remains blocked due to this conflict, the deficit grows. The…
