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ECA Marcellus Trust I Message Board

  • mikecline3 mikecline3 Dec 9, 2013 11:14 AM Flag

    this trust is run by tot and petrochina

    book at 13 buying here. goes until 2030.

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    • huh? The operator is Energy Corporation of America.

      book is meaningless, simply means the assets were purchased at a time of much higher NG prices.

      The trust runs until 2030 but will be producing less and less gas and paying lower and lower distributions.
      Probably if you buy at current price you might get your money back and a little bit more over the next 20 years. If you think that makes a good investment, go ahead.

      • 1 Reply to lizahuang54321
      • Hi - I own a few hundred shares that were picked up over the last 18 months or so, I traded these shares previously and made decnt returns between the distributions and fluctuations in price, but have taken a bath on it over the past 18 months. Not really intterested in selling thoguh, as it is in my Roth and I don't need a tax loss.

        My question for you is this: NG pricing has risen about 22% over the past 6 months or so. If the trend continued, at what point does the value of the NG in the trust help the share price to recover and also, do you have any insight on how that chart looks? is it in line with NG prices or, since the cost of the operations are stable, is it a steeper curve than NG pricing increases?

        I know there is no reason to believe that NG prices will continue to increase at the rates they have this Fall, and they may actually drop in late Spring, but I feel confident that the days of under $4 NG are well over and that pricing will stabilize in the $5-$6 range.

        Thanks

        Sentiment: Hold

 
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