Should Appalachian Natural Gas Producers' Stock Price Resiliency Be Surprising?
ARAntero Resources(AR) Forbes·2024-09-26 06:19

In a year where natural gas prices have spent almost the entire year under 3.00permcf,includingafewmonthsunder3.00 per mcf, including a few months under 2.00, the stock prices of publicly traded Appalachian gas producers have remained remarkably stable. In fact, Antero Resources’ price is up this year and Range Resources is basically flat for the year so far. Others such as EQT and Coterra Energy are down only marginally. This could come across as surprising. Appalachia has some disadvantages to other US gas producing basins, such as takea ...