Tue, Mar 3, 2015, 7:18 AM EST - U.S. Markets open in 2 hrs 12 mins


% | $
Quotes you view appear here for quick access.

Eagle Rock Energy Partners, L.P. Message Board

  • ruby.thedyke ruby.thedyke Jul 25, 2013 11:33 AM Flag

    This recovery may be an opportunity . . . to swap out.

    If you bought EROC trading positions during this LINE nonsense, at $7.80+ you probably have a tidy little profit. But, there's a distribution coming soon and this is still way below it's "normal" trading range. But if the Q2 semi-announcement of cash flow below par has you concerned, it may be wise to consider selling out here . . . and buying LINE.

    Why? Let's say this recovers to $9 in the medium term. At say, $7.75, that's a $1.25 additional profit. Let's kick in the 22 cents even, now we're to $1.47, a 19% profit. Let's give it the benefit of the doubt and say 20%. Where would LINE be 20% higher than $27 say? $32.40, still several dollars below it's normal trading range, and with a monthly distribution to pay you to wait for the full recovery. If it got back to $38, that would be an additional 20%, double the profit you could make here under my assumptions, very reasonable imho. Just saying.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • And . . . I just did, not only my trading position, but what was left of my long-term hold as well. I just can't justify holding this above $8, when the DCF per unit is pricing it below $7 in my mind. Management can talk all they want about the sunny days coming, I don't recall them predicting the last two quarters. This recovery to over $8 while LINE is languishing at $27 is a gift, a chance to change positions without losing a penny of income, for a company with a much better chance to cover distributions and at a bargain price. I just can't pass that up.

2.60-0.1300(-4.76%)Mar 2 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
JD.com, Inc.
NASDAQMon, Mar 2, 2015 4:00 PM EST
NXP Semiconductors NV
NASDAQMon, Mar 2, 2015 4:00 PM EST