ECA Marcellus Trust I (ECTM) Research

ECA Marcellus Trust I (ECTM) manages royalty interests in a collection of horizontal natural gas wells operated by Energy Corporation of America (ECA). These wells are located in Greene County, Pennsylvania, and are split between 14 currently producing sites and 52 still under development. ECTM's financial entitlement grants it 90% of the revenue generated from the sale of natural gas from ECA's share in the operational wells. For wells that are in the development phase, the Trust receives 50% of the proceeds from ECA's interest once production begins. The Trust itself was established in 2010 and is based in Houston, Texas.

Market snapshot

Symbol
ECTM
Price
$0.63
Day change
+0.21%
Market cap
$11.1M
P/E ratio
3.80x
52-week range
0.45-0.76
Sector
Energy
Industry
Oil & Gas Integrated

Peer companies

  • BP Prudhoe Bay Royalty Trust (BPPTU)
  • Chesapeake Granite Wash Trust (CHKR)
  • Gulf Coast Ultra Deep Royalty Trust (GULTU)
  • Hugoton Royalty Trust (HGTXU)
  • Pacific Coast Oil Trust (ROYTL)
  • SandRidge Mississippian Trust I (SDTTU)
  • Treasure Island Royalty Trust (TISDZ)

Recent insider activity

  • ENERGY CORP OF AMERICA — P-Purchase (342710 shares) on 2014-05-16
  • ENERGY CORP OF AMERICA — S-Sale (2500000 shares) on 2014-05-16
  • ENERGY CORP OF AMERICA — J-Other (111111 shares) on 2014-05-07
  • ENERGY CORP OF AMERICA — J-Other (37551 shares) on 2013-12-27
  • ENERGY CORP OF AMERICA — J-Other (36391 shares) on 2013-11-22

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