EQT announced it has raised its dividend to 12.5 cents. Link here. EQT is the largest natural gas producer in the Appalachian Basin. EQT has not raised its dividend since at least 2013; as far back as records are kept at this post. Unless I'm missing something or misreading something or unless there are two different "EQT"s -- this is absolutely amazing.
- From SeekingAlpha one week ago: EQT poised for massive free cash flow.
- From SeekingAlpha three weeks ago: EQT becomes largest US producer of certified natural gas.
At the close today, natural gas "closed" at just under $5.00.
Tonight, natural gas went above $5.00. This is an orderly melt-up, not a flash-in-the-pan spike.
Also note the narrow WTI / Brent crude spread: only 74 cents.
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Heavy Oil
Heavy Oil
This goes a long way explaining why US crude oil imports are increasing, or at least staying flat in light of huge amount of oil being produced in America, and something we've talked about for a decade. And why "we" needed the Keystone XL.
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Just Asking
Just Asking
