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Enter Symbol:
 
Eca Marcellus Trust I (ECT) [hlAlert]

Rating:
Underperform
ECT
up 1,125.49 %

Eca Marcellus Trust I (ECT) downgraded to Underperform with price target $20 by Oppenheimer

Posted on: Monday,  Jan 9, 2012  8:25 AM ET by Oppenheimer

Oppenheimer rated Underperform Eca Marcellus Trust I (NYSE: ECT) on 01/09/2012. Previously Oppenheimer rated Perform
Eca Marcellus Trust I (NYSE: ECT) on 05/17/2011., when the stock price was $25.03. Since then, Eca Marcellus Trust I has lost 0.12% as of 01/09/2012's recent price of $25.00.

ECA Marcellus Trust I (Trust) is a trust formed by Energy Corporation of America (ECA) to own royalty interests in 14 producing horizontal natural gas wells producing from the Marcellus Shale formation and located in Greene County, Pennsylvania (the Producing Wells) and royalty interests in 52 horizontal natural gas development wells to be drilled to the Marcellus Shale formation (the PUD Wells) within the Area of Mutual Interest consisted of 9,300 net acres held by ECA in Greene County, Pennsylvania. The royalty interest in the Producing Wells (the PDP Royalty Interest) allows the Trust to receive 90% of the proceeds (after deducting post-production costs and any applicable taxes) from the sale of production of natural gas attributable to ECA?s interest in the Producing Wells. The royalty interest in the PUD Wells allows the Trust to receive 50% of the proceeds from the sale of production of natural gas attributable to ECA?s interest in the PUD Wells.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/9/2012 8:25 AM Sell
None
25.00 20.00
as of 12/31/2012
1 Week up  2.30 %
1 Month up  11.01 %
3 Months up  21.24 %
1 YTD up  38.92 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/17/2011 8:25 AM None
None
25.03
12/15/2010 8:25 AM Buy
None
26.40 30.00
10/21/2010 8:25 AM Buy
None
23.50 26.00
9/29/2010 9:25 AM Buy
None
20.19 23.00

(*) Stock Price at the time of the recommendation.
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