Equitrans Midstream shares make record gains on US debt ceiling deal

Equitrans Midstream

30/05/2023 20:59

NEW YORK, May 30 (Reuters) - Shares of Equitrans
Midstream Corp  ETRN.N  jumped on Tuesday after the U.S. debt
ceiling deal contained specific proposals that would allow the
U.S. energy company get permits for the Mountain Valley Pipeline
(MVP).
    Equitrans Midstream rose 34% to $8.17 per share, making it a
record one-day percentage gain in the company's history. RBC
Capital Markets had upgraded the stock to "outperform" from
"sector perform" based on the likelihood of Equitrans Midstream
securing permits for MVP, which runs through West Virginia.

 (Reporting by Chibuike Oguh in New York; editing by Lance
Tupper and Marguerita Choy)
 ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters
Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))