FWIW: Jim Cramer rates EQT a BUY - Nov 29
Posted: Fri Nov 29, 2024 10:17 am
https://finance.yahoo.com/news/jim-cramer-eqt-corporation-eqt-194319114.html
EQT has risen above my current valuation of $45, but that does not mean that the share price can't go a lot higher. President Trump is definitely bullish for all of the Gassers. EQT is a large-cap with an extremely valuable asset base if U.S. natural gas prices move over $3.50, which now looks likely to me.
I currently rate EQT a HOLD, not a SELL. For those of you wanting to add more exposure to natural gas and NGLs, I think CTRA, CRGY, DVN, OVV and VRN are better choices within our Sweet 16.
EQT has risen above my current valuation of $45, but that does not mean that the share price can't go a lot higher. President Trump is definitely bullish for all of the Gassers. EQT is a large-cap with an extremely valuable asset base if U.S. natural gas prices move over $3.50, which now looks likely to me.
I currently rate EQT a HOLD, not a SELL. For those of you wanting to add more exposure to natural gas and NGLs, I think CTRA, CRGY, DVN, OVV and VRN are better choices within our Sweet 16.