EROC on sale, HELLO from HongKong

$4.9 buy order has been filled.

Yesterday is sunny and warm, I plan to fly to a place which is cooler, maybe Dalian

finance.yahoo.com/news...0&.v=1

Press Release Source: Eagle Rock Energy Partners, L.P. On Friday May 21, 2010, 5:17 pm EDT

HOUSTON, May 21, 2010 (GLOBE NEWSWIRE) -- Eagle Rock Energy Partners, L.P. (the "Partnership" or "Eagle Rock") (Nasdaq:EROC - News) announced today that it intends to launch a rights offering, pursuant to which it will distribute freely-tradable rights (each a "Right" and collectively the "Rights") pro rata to holders of record ("Record Date Unitholders") of its common units as of the close of business on May 27, 2010 (the "Record Date"). Record Date Unitholders will receive 0.35 Rights for every common unit owned on the Record Date. Each whole Right will entitle the holder of the Rights to subscribe for and purchase from the Partnership, at an exercise price of $2.50, both (i) one common unit of the Partnership and (ii) one warrant (a "Warrant") to purchase one additional common unit of the Partnership at an exercise price of $6.00.


The Partnership intends to distribute the Rights to the Record Date Unitholders on June 1, 2010. The Rights are expected to trade on the NASDAQ Global Select Market beginning on June 2, 2010. The Rights are expected to trade until the close of the NASDAQ Global Select Market on June 30, 2010, the expiration date for the Rights.

Last day to buy common units and receive Rights	May 24, 2010(1)
Common units begin trading ex-Rights	May 25, 2010(1)

今日大跌原因



假設6塊是它行權前的合理價位，
then
(P-2.5)*0.35+P < 6
P<5.09


如果是5.5
then
P<4.72


UBS maintains a 'Buy' on Eagle Rock Energy (Nasdaq: EROC), raises price target from $7 to $8.

UBS analyst adjusts earnings estimates after unitholders approve recapitalization plan. FY10 EPS estimates lowered from ($0.20) to ($0.40) and FY11 EPS from $0.26 to $0.24.


現在的8塊相當於昨天的 >(8-2.5)*0.35+8=9.92