Used the fresh unit distributions from other MLP's to fund an ultra modest purchase of 234 EROC today (11-15-13), at $5.39. I'm not seeing much downside from here. Never know for sure though, especially with a fairly renowned, poorly managed company, like this 1. Closest thing to this purchase I've been through, was my all time best pick, APL at about the same price as EROC today. They sold massive assets, and became an industry darling. I know I'm dreaming, thinking this could be the same, but a man's gotta dream, and more realistically, EROC has a decent chance of doubling over the next 5 years. That'd be great by me. Good luck to all EROC longs, and any others trying to snag that falling knife.
Thanks Liza. I swear, I read the release. Read, but apparently misunderstood. A quick check at TD Ameritrade, a moment ago, has my $1.03 cash payment, which I (eventually) expected, and the 7% more units, which is my day's pleasant surprise.