$ECR ANALYSIS – JUNE 1 2016

/ / FaisamTrader Blog, Stock Analysis

Eclipse Resources Corporation, an independent exploration and production company,

acquires and develops oil and natural gas properties in the Appalachian Basin. The

company owns interests in the Utica Shale and Marcellus Shale areas. As of December

31, 2015, it had an acreage position approximating 220,000 net acres in Eastern Ohio.

The company's estimated proved reserves consisted of 348.8 billion cubic feet of

natural gas equivalent. Eclipse Resources Corporation was founded in 2011 and is

headquartered in State College, Pennsylvania.

 

As of June 1 2016, ECR looks to be bullish, for a 2 to 3 week hold. A purchase at a

price between $2.55 and $2.75 is safe and could bring you returns between 10% and

15% in the next 30 days. Be sure you place a stop loss at 5% below you buy price, and

don’t be greedy, a consistent 10% to 15% per month can help dealing with losses and

sometimes help bring in more profits.

 

Also please keep in mind we are not offer trading advice, we are just sharing an idea.

For real stock trading advice you should contact a professional financial advisor.

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