I will be traveling Nov 15-21

[dan_s]

I will be in Puerto Vallarta, Mexico for six days on vacation, but I will be checking the markets and this Forum daily (maybe not on Monday since we are traveling that day). Hang tough.

I worked Saturday and Sunday longer than normal so I could finish my reviews of three profiles drafted by our Super Star MBAs. Updated profiles for EQT, FANG and OVV will be posted to the EPG website late on Sunday. I did lower my valuation of EQT by $1 to $35, it closed on Friday at $21.36.

EQT still has some Bad Hedges to work off, but each quarter more of its gas will be unhedged. The Alta Resources acquisition closed July 21st, so it will give Q4 production a big boost. If HH natural gas prices average $4/MMBtu in 2022, EQT should generate over $4 billion of operating cash flow next year, over $10/share.