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Stock Market & Financial Investment News

News Breaks
December 31, 2012
08:39 EDTEROCEagle Rock Energy increases commitments under senior secured credit facility
Eagle Rock Energy Partners announced that the partnership has received increased commitments from its lending group under its existing senior secured credit facility. Total commitments increased from $675M to $820M, supported by the partnership's existing lenders and by the addition of Whitney Bank to the lending group.
News For EROC From The Last 14 Days
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August 20, 2015
05:36 EDTEROCLegacy Reserves downgraded to Neutral from Buy at UBS
UBS downgraded Legacy Reserve (LGCY) to Neutral after after stress testing upstream MLPs to reflect scenarios in which oil remains depressed and recovery is limited. The firm expects MLPs that are better capitalized, well hedged and less levered to crude oil to outperform. It lowered its price target for shares to $5.50 from $14. UBS coupled the downgrade with an upgrade of Mid-Con Energy (MCEP) to Buy. Other Buy-rated upstream MLPs at the firm are Vanguard Natural (VNR), Memorial Production (MEMP) and Eagle Rock Energy (EROC). Sell-rated names are LINN Energy (LINE) and LinnCo (LNCO).

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