This should draw a lot of attention to the Gassers

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dan_s
Posts: 37351
Joined: Fri Apr 23, 2010 8:22 am

This should draw a lot of attention to the Gassers

Post by dan_s »

The first of several "Polar Vortex" cold waves (and I mean SUPER COLD) will hit Chicago next week. Natural gas storage will be drained over the next four weeks.
Watch today's update here: https://www.weatherbell.com/premium/

But this may draw more attention to the gassers:

A coup of sorts is underway in Pittsburgh as two brothers brazenly push to take over EQT Corp., which became the nation’s largest natural gas producer after it acquired Rice Energy Inc. in a multi-billion dollar deal that helped transform the juggernaut and generated a windfall for the family.

Toby and Derek Rice are now trying to regain control of the assets their former company sold and the rest of EQT’s massive position across the Appalachian Basin in what’s proving to be an enthralling and audacious proxy fight. The brothers, who own more than seven million shares or roughly 3% of the company, came forward publicly last month to say EQT is grossly undervalued. They said the newly installed executive management team is incapable of delivering the $2.5 billion of cost synergies that were promised after the merger or leading a company that now produces more than 1 Tcf of natural gas annually.

Read more: https://www.naturalgasintel.com/article ... d91c0cca6c
Dan Steffens
Energy Prospectus Group
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