In this article we are going to take a look in the past just a few years back and see what these stocks have done in the last 4-5 years. If we can understand the psychology that analysts were having back then and compare it to what happened with these stocks, we may be able to learn from this and use this to project where these stocks may go in the future.
EQT closed today at $9.49 a share today down big time over the last few years.
Now we jump back to 2015.
In 2015, Shares of EQT Corporation (NYSE:EQT), gained 1.64% to $69.44.
Mountain Valley Pipeline, formally applied to the Federal Energy Regulatory Commission for authorization to build a 301-mile interstate natural gas transmission pipeline designed to provide timely, cost-effective access to the growing demand for natural gas for use by local distribution companies, industrial users, and power generation facilities in the Mid-Atlantic, Southeast, and Appalachian regions of the United States.
Mountain Valley Pipeline, LLC is a joint venture between EQT Midstream Partners, LP (EQM), majority owner and operator of the projected Mountain Valley Pipeline; and associates of NextEra Energy, Inc. (NEE); WGL Holdings, Inc. (WGL); Vega Energy Partners, Ltd; and RGC Resources, Inc. (RGCO). The Mountain Valley Pipeline (MVP or Project) would transport the abundant supply of Marcellus and Utica natural gas commencing in Wetzel County, WV and traversing south through 11 counties in WV; and southeast through six counties in VA before ending in Pittsylvania County, VA. The MVP is predictable to provide at least 2 Bcf per day of firm transmission capacity; and pending regulatory approval, construction is anticipated to start in late 2016, with a full in-service targeted for the fourth quarter 2018.
Through this certificate application filing, the Federal Energy Regulatory Commission (FERC) is being asked to certify the public convenience and necessity of the MVP project. The FERC, together with several cooperating agencies, will conduct a detailed review and evaluation of a broad number of subjects, counting public safety; water resources; karst topography; air quality; wildlife, soils, and vegetation; protected species; cultural and historic resources; sound levels; realistic alternatives; and cumulative economic benefits.
EQT Corporation, together with its auxiliaries, operates as a natural gas company in the United States. It operates in two segments, EQT Production and EQT Midstream. The EQT Production segment explores for, in addition to develops and produces natural gas, natural gas liquids (NGLs), and crude oil primarily in the Appalachian Basin.
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