EQT Corp (EQT) Update - Sept 22
Posted: Tue Sep 22, 2020 10:22 am
From B of A Global Research 9-22-2020
EQT interested in acquiring CVX Appalachia assets
Per press reports last week, EQT has offered $750mn for Chevron Corp’s (CVX) assets in the Northeast, which includes 800,000 acres and CVX’s non-operating interest (31%) in Laurel Mountain Midstream. We note, WMB operates and owns the remaining 69% interest in Laurel Mountain Midstream. We look for further updates regarding the potential acquisition and if there is any read through for ETRN given its relationship with EQT.
EQT interested in acquiring CVX Appalachia assets
Per press reports last week, EQT has offered $750mn for Chevron Corp’s (CVX) assets in the Northeast, which includes 800,000 acres and CVX’s non-operating interest (31%) in Laurel Mountain Midstream. We note, WMB operates and owns the remaining 69% interest in Laurel Mountain Midstream. We look for further updates regarding the potential acquisition and if there is any read through for ETRN given its relationship with EQT.