EQT Seems Very Risky, Even On The Dip

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About: EQT Corporation (EQT)
by: Max Greve
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Max Greve
Tech, telecom, media, energy
Summary

EQT is the largest natural gas producer in Appalachia, and it has followed gas downward in the past year.

EQT faces continued pressure from associated gas production, which is largely insensitive to gas prices.

Even if this pressure abates at some point, continuing competition from renewable energy cost declines cap EQT's upside at very low levels.

I recommend avoiding EQT, even on the dip in recent months.

This past summer, I wrote my first article on EQT Corporation (EQT), one of the biggest players in the natural gas market in the US. The article, partly a response to another article