CATALYST DOSSIER · UPDATED 2026-11-03
$EQT
energy_natgas · convergence -10 · conviction AVOID
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Why $EQT?
Quantitative
Revenue (CY2026Q2) : $1.81B (-29.2% YoY)
Net Income (CY2026Q2) : $211.4M (-73.0% YoY)
Net Margin (CY2026Q3) : 15.7%
Catalysts
Multi-spoke convergence : 11 convergent signals fired: finra_short, sc13d, macro, orphan_lean, congress
Risks
Position-sizing discipline : Conviction AVOID (-10 score) — size accordingly; no specific catalyst-fade risk flagged
Bear case
Squeeze unwind : Short interest can compress before retail catches the move — entry timing critical
Sympathy basket (cerebro)
AR via energy_natgas r=+0.00 intra-sector (score 7)
UNG via energy_natgas r=+0.00 intra-sector (score 7)
BOIL via energy_natgas r=+0.00 intra-sector (score 2)
CHK via energy_natgas r=+0.00 intra-sector (score 2)
CTRA via energy_natgas r=+0.00 intra-sector (score 2)
RRC via energy_natgas r=+0.00 intra-sector (score -9)
Signals Firing
finra_short sc13d macro orphan_lean congress oge_exec fed_overlay auto_macro_adp_payrolls auto_macro_durable_goods auto_macro_fx_rates auto_macro_treasury_fiscal
Pick Track Record Date List Next-day max run Next-day close Hit +2%? 2026-10-26 sec_clean_gappers +2.8% +2.6% ✓ hit 2026-10-26 sec_top_gappers +2.8% +2.6% ✓ hit 2026-10-26 sec_top_moat_emerging +2.8% +2.6% ✓ hit 2026-10-13 sec_clean_gappers +0.1% -3.1% — 2026-10-13 sec_top_gappers +0.1% -3.1% — 2026-10-13 sec_top_moat_emerging +0.1% -3.1% —
Lifetime: 3/6 wins · hit-rate 50.0% on +2% intraday
Sympathy Basket AR via energy_natgas · score 7 UNG via energy_natgas · score 7 BOIL via energy_natgas · score 2 CHK via energy_natgas · score 2 CTRA via energy_natgas · score 2 RRC via energy_natgas · score -9
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