Montage Resources Corp
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Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

Montage Resources Corp, formerly Eclipse Resources Corp, is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. It is the operator of the Utica Core Area and its Marcellus Project Area. The Ordovician-aged Utica Shale is an unconventional reservoir consisting of organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet. The Marcellus Shale consists of organic-rich black shale, with production occurring at vertical depths between 5,000 and 8,000 feet. As of December 31, 2016, it had approximately 92,000 net acres in the Utica Shale in Eastern Ohio within the Utica Core Area. As of December 31, 2016, the Company had assembled an acreage position approximating 199,000 net acres in Eastern Ohio.

Closing Price
$5.78
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
5.96
Day's Low
5.67
Volume
(Above Average)
Volume:
499,161

10-day average volume:
430,428
499,161

GE's 'Wells notice' is a 'credit negative' but doesn't change the rating for now, Moody's says

2:34 pm ET October 7, 2020 (MarketWatch)
Print

Shares of General Electric Co. (GE) bounced 13 cents, or 2.1%, in afternoon trading Wednesday, to retrace a little more than half of the previous session's selloff, which came after the industrial conglomerate disclosed the receipt of a "Wells notice" (http://www.marketwatch.com/story/ges-stock-falls-off-a-cliff-after-wells-notice-disclosure-2020-10-06) from the Securities and Exchange Commission. Moody's Investors Service said the "Wells notice" is a "credit negative" for GE, as it highlights lingering risks of contingent liabilities, but it doesn't affect the company's ratings "at this time." Moody's rates GE's senior unsecured debt at Baa1, which is 3 notches above speculative grade, or "junk" territory. The outlook for the rating is negative. GE's stock sank 24 cents, or 3.7%, on Tuesday, after the company said it received notice that the SEC staff investigating GE's revenue recognition practices and internal controls was considering recommending the SEC bring a civil action against GE for possible violations of securities laws. The stock has lost 43.6% year to date, while the Dow Jones Industrial Average has slipped 0.8%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 07, 2020 14:34 ET (18:34 GMT)

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