Energy Resource Pick- EQT Corporation

April 29, 2009

In his interview with TWST, portfolio manager Craig Stone recommends the energy resource company EQT Corporation (EQT). Here’s why:

Mr. Stone: EQT is a fully integrated energy company, focusing on the Appalachian natural gas region. We like EQT because this is Appalachian’s largest exploration and production company and they own about 3.4 million acres of low-risk resource plays in multiple zones. All the acreage is held by the company with no expiring leases. EQT has one of the lowest cost structures in the industry. The company’s three-year F&D costs (finding and development costs) are some of the lowest in the industry at below $1 per Mcfe (million cubic feet per equivalent) and the company is also a technological leader in air drilling, which over time has helped the company to further lower total operating expenses.

For the complete Investing Strategies report, including a full interview with Mr. Stone, his associate Jon Christensen and a series of full interviews with other portfolio managers, click here.