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EQM - EQM Midstream Partners: Buy This 19%-Yielding Stock Before It's Too Late
EQM Midstream Partners LP
EQM Midstream Partners (EQM) has plunged nearly 50% during the last 12 months due to headwinds in its major growth project, namely the Mountain Valley Pipeline [MVP] project. As a result, the stock is now offering a 19% distribution yield. While the project delays and cost overruns cannot be ignored, the market has exaggerated in its reaction, as usual in such instances. As the cash flows of EQM are sufficient to cover the current distribution, investors should purchase the stock before it is too late.