Cartier Resources Inc (ECR)

[tdeck]

Man shorts jumping hard on this puppy, how soon they forget, if they ever knew most are just in the herd following what the larger players are telling them to do, easier to stick with the crowd.

The company is merging with Blue Ridge Mountain Resources and the transaction is expected to close during the fourth quarter of 2018. The transaction is expected to generate significant operating synergies and boost cashflows. It will enable Eclipse Resources to enhance its portfolio of core Utica locations and Marcellus.

Eclipse Resources has an impressive earnings surprise history. The upstream player beat the Zacks Consensus Estimate for earnings in """"""all of the trailing four quarters, the average being 261.1%. Also, we expect the company to post year-over-year earnings improvement of 800% in 2017 and 194.4% in 2018."""""""

For fourth-quarter 2018, the Zacks Consensus Estimate for earnings per share has been revised higher in the last 30 days. The consensus estimate for 2018 earnings was revised to 9 cents from 8 cents.

Keep shorting tomorrow sold some CLDR to load this thing hard.