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EQT (EQT +1%) is trading higher today after its subsidiary, Equitrans, receives notice from FERC...

EQT (EQT +1%) is trading higher today after its subsidiary, Equitrans, receives notice from FERC to proceed with construction of a new natural gas pipeline in the Marcellus Shale region of Pennsylvania and West Virginia.
Comments (1)
  • Pay attention folks, capacity is increasing for the Mid-Atlantic and Northeastern markets, the latter of which will absolutely increase NG consumption.

     

    Oil for HEAT is down over 26% since 2006, NG is replacing it, and capacity is being built out to handle increased demand, all the while NG price has held steady while oil has broken away from it's tradtional BTU for BTU price range with NG. I'd say this is bearish for oil and bullish for NG and NG based utilities serving those populations.
    21 Sep 2011, 02:38 PM Reply Like
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