The wider picture
The winter storm is expected to bring the most significant snowfall of the year to Saint-Pierre-et-Miquelon. With forecasts predicting between 20 to 40 centimeters of snow, local authorities are preparing for the impact of this severe weather event. Thierry Dupont, a meteorologist, stated, “C’est une tempête hivernale qui nous arrive dessus dans la nuit de lundi à mardi,” indicating that the storm will arrive overnight from Monday to Tuesday.
As the storm approaches, schools and public administrations in the region will be closed on March 24 to ensure the safety of residents. The storm is being driven by a depression centered south of Nova Scotia, which is moving towards Newfoundland. This meteorological situation is expected to create hazardous conditions, including wind gusts that may reach up to 50 knots (approximately 100 km/h).
Dupont elaborated on the expected snowfall, saying, “On attend entre 20 et 40 centimètres sur cet épisode, avec une moyenne d’environ 30 centimètres.” This level of snowfall could disrupt transportation and daily activities, prompting officials to take precautionary measures. Residents are advised to stay indoors and prepare for potential power outages due to the high winds.
In the context of the energy sector, the storm’s timing coincides with rising natural gas prices, which have positively impacted the stock of EQT Corporation. Over the last 30 days, EQT’s stock has increased by approximately 12%. This surge is attributed to the company’s strong financial performance, including a reported free cash flow of nearly $750 million in the fourth quarter, exceeding consensus estimates by about $200 million.
EQT’s CEO, Toby Rice, expressed optimism about the company’s future, stating, “2025 était ‘une autre année exceptionnelle pour EQT.'” With an adjusted EBITDA projected to be around $6.5 billion for 2026, the company appears well-positioned to navigate the challenges posed by fluctuating weather conditions and energy demands.
As the storm unfolds, observers are closely monitoring its impact on both local communities and the broader energy market. The combination of heavy snowfall and high winds could lead to significant challenges for Saint-Pierre-et-Miquelon, particularly in terms of transportation and public safety.
Officials are urging residents to remain vigilant and prepared for the storm’s effects. With the potential for severe weather, the situation remains fluid, and details remain unconfirmed regarding the full extent of the storm’s impact.
