WSJ Says EQT is “Failing”, DE Shaw Says EQT Mgmt “Not Up to Task”

More drama in the ongoing soap opera of EQT and the Rice brothers’ attempt to take it over. The latest items of interest: The Wall Street Journal ran an article in today’s online edition with a headline that says EQT is “failing.” And one of EQT’s biggest investors, D.E. Shaw, is telling the board that current top management “doesn’t have what it takes” to get the company financially performing again. Ouch.
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4th Circus Clowns Refuse to Clarify Decision re Atlantic Coast Pipe

In early December, the clown judges of the Fourth Circus Court of Appeals (our name for the Fourth Circuit) put a hold on a permit issued by the U.S. Fish and Wildlife Service (FWS) that allows the 600-mile Atlantic Coast Pipeline to get built through areas with so-called endangered and threatened species (see 4th Circus Blocks Permit, Stops All Work on Atlantic Coast Pipe).
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NatGas & Renewables 98% of New Electric Generation Coming in 2019

Last week our favorite government agency, the U.S. Energy Information Administration, published a post about electricity generation that predicts that in 2019 more gigawatts of electricity will come online from wind-powered sources than either solar or natural gas. Together renewables and natgas represent 98% of all new electric generating sources coming online in 2019.
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Energy Stories of Interest: Mon, Jan 14, 2019

MARCELLUS/UTICA REGION: One year later, NYC’s climate lawsuit wastes taxpayer money to boost de Blasio’s credentials; OTHER U.S. REGIONS: How LNG exports will change Gulf Coast natural gas markets in 2019; NATIONAL: U.S. shale oil and natural gas, underestimated its whole life; Jay Inslee pledges to reject fossil fuel money ahead of climate-centered 2020 bid; INTERNATIONAL: Another crucial Canadian pipeline runs into trouble.
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