In February of 2013, I published an article entitled "ECA Marcellus Trust is an Expensive Natural Gas Play - Income Investors Beware." At the time, the ECA Marcellus Trust (NYSE:ECT) units were trading at $18.34. Today, the units trade at $8.75. Since I have not published a report on ECT in over a year, the following article is my updated opinion about the current fair value of the Trust.
On March 14, 2014, ECA Marcellus Trust I published its 10-K annual report, which contained an updated standardized measure of proven reserves (PV-10). Within the 10-K, investors can find important information about the Trust. ECA Marcellus Trust is a Delaware statutory trust formed in March 2010 by...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|