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Eagle Rock Energy Partners, L.P Message Board

  • ruby.thedyke ruby.thedyke Nov 5, 2012 10:06 AM Flag

    Didn't like the numbers, don't like the trend

    So much for the buck, they're not even supporting 88 cents. Yes, I know, temporary, but I took half my position off the table this morning, because I don't like the price action, it could be headed into the $8's. Even if it holds, I'm more comfortable having that money elsewhere in the MLP universe. Management has not had a sterling track record here, I bought in only because it was so cheap. Time to move on.

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    • Quote
      "Our 2 businesses performed well, and we executed on several large projects that we believe will deliver tremendous long-term value and accretion to Eagle Rock."

      So we have to wait til mid 2013 for a distribution increase while we get our 9%... and for the growth curve to kick in.. Sounds like a plan worth waiting for... and adding to at these prices.

 
EROC
1.740.00(0.00%)Oct 8 3:59 PMEDT