NYSE Threatens to De-list Eclipse Resources’ Stock – Price Too Low

A number of companies involved working the Marcellus/Utica have received notices from the New York Stock Exchange warning those companies that the average trading price for their stock had fallen below minimum standards and is in danger of being de-listed from the exchange: Seventy Seven Energy (see Seventy Seven Energy’s Stock Threatened with Delisting from NYSE); EXCO Resources (see More Trouble for EXCO Resources – NYSE Threatens to De-List Stock); Atlas Energy (see Atlas Energy Luck Run Out? NYSE Threatens Company with De-Listing); and Halcon Resources (see Halcon Resources Put on Notice by NYSE; Refi Debt at Higher Rate). Two companies actually were de-listed by the NYSE: Nuverra Environmental (see Nuverra Environmental Delisted from NYSE, Now a Penny Stock) and Magnum Hunter Resources (see Magnum Hunter De-Listed from NYSE; Still Shopping Eureka Hunter). You can add another name to the list of companies being threatened with de-listing: Marcellus/Utica pure play driller Eclipse Resources. CEO Ben Hulburt explains why Eclipse’s stock price trading at under $1 doesn’t reflect true value of the company…

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