Why These Upstream Big Fishes Outperformed Peers Last Week
Between December 7 and 14, EQT Corp (EQT) gained the most on our list of upstream energy stocks. However, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 7.8%—the largest fall among the major energy ETFs we discussed in the previous part of this series. EQT shareholders Toby Rice and Derek Rice, who hold 2.75% of the company, expressed disagreement with the current management team last week.