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Although the debt ceiling bill ("Fiscal Responsibility Act of 2023") is far from being voted on and passed, the investor world thinks it's a done deal based on how *they* vote--with their money. The debt bill contains a provision that forces the completion of Mountain Valley Pipeline (MVP), a 303-mile Marcellus/Utica natural gas pipeline from Wetzel County, WV, to Pittsylvania County, VA. The pipeline is 94% completed but has been snared in delays brought on by Big Green lawsuits and a complicit and colluding 4th Circuit Court of Appeals. If the debt ceiling bill passes and it retains the language about MVP, the company building it, Equitrans Midstream, will benefit. Equitrans' (ETRN) stock price has soared, up over 41% this week on the news about MVP in the debt bill.
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