Liam Denning,Bloomberg Gadfly
While EQT Corp. didn't do a stellar job of selling its $8.2 billion acquisition of Rice Energy Inc., its CEO did design a salient (significant; conspicuous; standing out from the rest) point approximately the future of America's shale basins on Monday's analyst call:It is my belief that we are in the second phase of the shale gas, and I guess we call it,revolution. And the high growth models of the first phase, I don't judge are going to work in phase two ... So, and I judge the way that will play out,particularly, after this acquisition, or when we are now the largest producer in the U.
S. with a very attractive and concentrated position,is we will gain to...
Source: realclearenergy.org