Today, we are updating our model on EQT Midstream (NYSE:EQM). We are very bullish on EQM again in 2014 after having liked the stock in 2013. Despite increasing 90% over the past year, we still see more upside. The Marcellus Shale continues to become one of the most important natural gas producers in the USA, and we believe a combination of recent acquisitions as well as a better market for natural gas in 2014 will continue to drive upside in shares.
In today's article, we will update our model, talk about two important catalysts for the company's growth, and discuss how we get to a 2014 $95 price tag for the stock.
Current Oxen Thesis
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