What Did Eclipse Resources Qtly Call Reveal re Potential Sale?
Yesterday Eclipse Resources, an exploration and production company focused solely on the Marcellus and Utica Shale region, held their third quarter analyst conference call to discuss third quarter 2015 performance. We've already brought you the official press release/update for Eclipse's 3Q15 results (see Eclipse Resources 3Q15: Production Up 163%, Net Loss $81M). What we were interested in, as we scoured the transcript of the conference call, was whether or not anyone brought up the rumor that Eclipse is currently shopping the company (see Marcellus/Utica Driller Eclipse Resources Looking for a Buyer). Morgan Stanley is said to be the investment bank shopping Eclipse for sale. There were no analysts from MS on the call, but there were analysts from MS competitors, like arch rival Goldman Sachs. Did any of those analysts ask a question about the rumor the company is looking to sell?...
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