In April of 2014, I published an article entitled ECA Marcellus Trust I - Still an Expensive Natural Gas Play. At the time the ECA Marcellus Trust (NYSE:ECT) units were trading at $8.75. At the end of August 2014 the units were trading around $6.60. Since the Trust units have made an adjustment downward in relative value, prospective investors now need to evaluate whether the Trust is a value play, or still holds risk which should be avoided. In this article, I share a perspective on my opinion about the fair market value of the Trust and the risks now facing the Trust.
Distributions Gap Downward Post Hedge Expiration
For the 2nd quarter of 2014 the ECA...
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