Investors Return to ‘Safety’ by Investing in M-U Gas Companies

What a change just a few weeks (and a pandemic and oil price crash) can bring! One month ago MDN brought you the sobering news that the stock prices for most Marcellus/Utica companies had sunk to new lows (see Marcellus/Utica Drillers’ Stock Prices Near/At Historic Lows). The prospects for M-U companies, as far as investors were concerned, were bleak. Oil drillers in other plays like the Permian and Bakken were pumping like crazy producing a lot of associated gas along with oil from those wells, flooding the market with an excess of gas. One month later and the picture has completely changed. M-U company stocks (some of them anyway) are rising again. EQT’s share price is up 50% in the last 30 days!

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