Troubled Eagle Rock Energy Partners LP (EROC) has taken the drastic step of selling off a large part of the company's business with the goal of more financial stability and a focused business operation. Investors who currently own units should take advantage of the share price increase from the announcement to reduce any investment position in EROC. It is very difficult to determine the amount of cash flow that will remain to be paid out as ongoing distributions.
Note: MLP companies such as Eagle Rock Energy Partners have units and pay distributions. The words stock, shares and dividends may be used here with the understanding that the rules of MLP units apply including the tax consequences of...
Only subscribers can access this article, which is part of the PRO research library covering 3,573 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: