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Eclipse Resources Shares Should Move Higher Soon

Eclipse Natural Resources (NYSE:ECR), the E&P company I rode from the short side from $22.57 to ~$5.00 -- an over $2.5 billion drop in market cap -- might actually be a short-term long position now. ECR, which still has nearly a $1 billion market cap (10.4x price/sales, 60x EV/EBITDA, and 12x EV/sales) and remains grossly overvalued on today's information longer term, does stand to benefit from mean reversion buying and the fact that I have natural gas modeled to improve in pricing after this Thursday's inventory report capitulation…