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EQT Corp. (NYSE:EQT) is in superior talks to purchase pure fuel producer THQ Appalachia I LLC and related pipeline infrastructure for ~$4B together with debt, in a deal that could possibly be introduced as quickly as this week, Reuters reported Monday.
THQ Appalachia, which is owned by privately held fuel producer Tug Hill Working and funding agency Quantum Power Companions, operates in West Virginia with internet manufacturing of ~760M cf/day.
The deal would come with XcL Midstream, a pipeline operator that strikes THQ Appalachia’s fuel to market and is led by Tug Hill CEO Michael Radler, based on the report.
EQT (EQT) is poised to profit from Europe’s power disaster with 30%-plus upside potential, Leo Nelissen writes in a bullish evaluation revealed just lately on In search of Alpha.
