ECA Marcellus Trust I (ECTM)
ECA Marcellus Trust I operates in the Oil & Gas Integrated industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $0.50, down 0.40% on the session, giving a market capitalisation of $8.8M. On trailing twelve-month figures it carries a trailing P/E of 3.40, a net margin of 61.9%. Its beta of 0.25 implies it has historically moved less than the broad market.
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.
ECA Marcellus Trust I is most often compared with the following Energy names: