RBC initiates coverage of APA 

RBC Capital Markets has initiated coverage on pipeliner APA Group at sector perform as it sees the energy transition drive the company to move into being increasingly invested in electricity infrastructure. 

RBC initiates coverage of APA  RBC initiates coverage of APA  RBC initiates coverage of APA  RBC initiates coverage of APA  RBC initiates coverage of APA 
 
The bank noted the low risk business model which is underpinned by highly contracted and regulated revenues from reliable operations, most of which are made up by a huge share of Australia's