- Antero Resources provided Q3 operations update.
- Strong production growth in contributing to a natural gas market headed to oversupply.
- The stock isn't likely to hold up in an environment of lower energy prices.
While the market was focused on another ebola case in Dallas and economic troubles in Europe, the news from the quarterly operations update
at Antero Resources (NYSE:AR)
was potentially lost in the shuffle. The Marcellus Shale focused
natural gas producer is known for fast production growth since going
public back about a year ago. The stock though surged on the news during
a big down day for the markets and is rebounding strongly again with
the market turnaround.
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at Seeking Alpha.
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