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.

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Here's why Tesla, Amazon, and Nvidia aren't overpriced, says this investment house

5:08 am ET October 15, 2020 (MarketWatch)

By Jack Denton

ValuAnalysis said Tesla prices 'could still be wrong, but they are not crazy'

Tesla, Amazon, and Nvidia stocks may not be overpriced, according to new analysis.

According to ValuAnalysis, a London-based fund manager and equity investment boutique, investors tend to price high-growth companies at a discount, and these technology stock standouts have incredible potential for growth.

The ValuAnalysis fund holds shares in both Nvidia and Amazon, which make up a combined 4% of its portfolio. The fund doesn't currently hold Tesla.

Tesla and the coming vehicle revolution

If you buy into the idea that battery-electric vehicles will eventually take over from internal combustion vehicles, Tesla's (TSLA) high price can begin to make sense.

Also:Tesla gets big boost over plans for first European factory (

The ValuAnalysis report suggests that, based on a conservative projection of its electric-vehicle sales in five years, Tesla is currently trading at a more reasonable price considering the cash flow the company could expect in 2025.

"There's nothing extraordinary in the assumptions that are hidden in the price of Tesla shares," Pascal Costantini, the author of the ValuAnalysis report, told MarketWatch.

"They could still be wrong, but they are not crazy."

Amazon's global platform

Amazon is the largest and most established of the companies that ValuAnalysis profiled.

It says the company is set to grow more because of the "platform effect" that its global popularity creates. Any marginal benefit that Amazon (AMZN) can offer consumers is multiplied from its instant global reach.

Plus:This Amazon rival's stock soared more than 50% in its first day of trading (

The ValuAnalysis researchers believe Amazon isn't overpriced because it reliably generates large amounts of cash flow, and its chief executive, Jeff Bezos, is obsessed with innovation.

Nvidia's dominance in future tech

ValuAnalysis argues that Nvidia (NVDA) holds a dominant position in fields of the chip industry that could explode with future technology, like artificial intelligence and autonomous vehicles.

Costantini said that if Nvidia's acquisition of Arm goes through, this will give the company a huge boost.

More on that:Pressure grows for U.K. to intervene in Nvidia's $40 billion Arm takeover (

"They clearly have an advantage that is so big now that it's difficult to see how anyone can catch up with them," Costanini said. "If I were Intel (INTC), I'd be really worried."

Could there still be a bubble?

Yes. Other analysts argue that conditions created by the coronavirus pandemic and central bank stimulus have sent stocks into a frenzy this year, and that there's a bubble driven by tech companies. Some people connect what's happening today with the dot-com bubble of 20 years ago.

But Costantini makes the case that the recent surge in tech stocks is markedly different. He's staking his reputation on it.

Read a more comprehensive report of the ValuAnalysis research on Barron's (

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(END) Dow Jones Newswires

October 15, 2020 05:08 ET (09:08 GMT)

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