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Started By
Message
Eagle Rock Energy - EROC
Posted on 10/9/15 at 1:39 pm
Posted on 10/9/15 at 1:39 pm
So in my pursuit of stacking paper to the ceiling I bought 5 shares of EROC at $1.34. Yesterday it closed at $1.74.
LINK
The article mentions unitholders of record. Is that anyone who owns even 1 share or what? Vanguard is trading at $9.80ish but the position I had in EROC was barely $8.
Not overly concerned about being out the $8, just curious as to the process.
LINK
quote:
American Stock Transfer & Trust Co. LLC, exchange agent for Vanguard and Eagle Rock, will mail letters of transmittal to all Eagle Rock unitholders of record immediately prior to the merger with instructions on how to surrender their shares in exchange for the merger consideration.
The article mentions unitholders of record. Is that anyone who owns even 1 share or what? Vanguard is trading at $9.80ish but the position I had in EROC was barely $8.
Not overly concerned about being out the $8, just curious as to the process.
3
Posted on 10/9/15 at 2:09 pm to JamalSanders
I am just confused on why you spent just $8...
Posted on 10/9/15 at 2:23 pm to b-rab2
quote:
I am just confused on why you spent just $8...
Only funded my account with $100. I am playing and learning with this money. My largest holding is F right now with 2 whole shares.
I have an IRA thru work that is primarily ETFs. So I'm taking care of retirement first.
Posted on 10/9/15 at 3:07 pm to JamalSanders
quote:
The article mentions unitholders of record. Is that anyone who owns even 1 share or what?
Yes, if Eagle Rock is traded as an MLP. You will also have to fill out a K-1 schedule with your tax returns next year.
I suggest reading up on MLP's.
This post was edited on 10/9/15 at 3:13 pm
Posted on 10/9/15 at 3:15 pm to Cdawg
quote:
I suggest reading up on MLP's.
I will. Thanks for the advice.
Posted on 10/9/15 at 3:43 pm to JamalSanders
My Uncle is one of the original founders of this company and CEO at one point, but I don't think he's been involved with them for a few years. Cashed out years ago.
Interesting.
Interesting.
Posted on 10/9/15 at 5:51 pm to Cdawg
quote:
if Eagle Rock is traded as an MLP. You will also have to fill out a K-1 schedule with your tax returns next year. I suggest reading up on MLP's
I almost bought some with part of my "learning" money. Wasn't aware of this aspect. Needless to say, I'm less than ignorant on a lot of things stock market. Thanks for the info.
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