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Sydnee Gatewood
Sydnee Gatewood
Articles (1614) 

Keeley Asset Management Comments on EQT

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October 10, 2019 | About:

EQT Corp. (NYSE:EQT)is a natural gas focused exploration and production company operating in Appalachia. The company experienced a highly visible proxy fight in early July which resulted in dissident shareholders taking control of the board and executive suite. While we were supportive of the winning side in this fight, it appears investors are thinking changes to the cost structure may take longer than expected to realize especially after the new management reduced headcount a month after taking over.

From Keeley Asset Management's Keeley Mid Cap Dividend Value Fund third-quarter 2019 shareholder letter.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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