Company Overview - APA Corporation is an independent energy company focused on the exploration, development, and production of natural gas and oil [1] - The company operates primarily under three major segments, with the United States being the most significant in terms of production [1] Investment Focus - The company targets value opportunities linked to commodity production, emphasizing sustained free cash flows, low leverage, and sustainable debt [1] - It seeks to identify companies in distress with high recovery potential, particularly in sectors like oil & gas, metals, and mining [1] - The focus is also on companies in emerging markets that demonstrate high margins and medium to long-term investment opportunities [1] Shareholder Value - The company maintains a pro-shareholder attitude, emphasizing solid and sustained buyback programs and dividend distributions over time [1]
APA Corporation: Great Margins And Deep Value