EQT: A Strong Buy To Capture The Rise Of Natural Gas

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About: EQT Corporation (EQT)
by: QuandaryFX
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QuandaryFX
Short-term horizon, currencies, commodities, long/short equity
Summary

Natural gas fundamentals are rapidly becoming bullish as above-average seasonal demand coupled with declining production will tighten balances.

EQT is executing its 2021 hedge program at a time when backwardation will likely be strengthening across the curve.

Since EQT benefits from rising gas prices and it is hedging at progressively favorable levels, now is a good time to buy the stock.

To say that it's been an exciting year for traders in the EQT Corporation (NYSE:EQT) is a bit of an understatement with its share price falling by 50% in the first part of