Very poor ebitda guidance. Regardless if management is sandbagging or not...I bet there are a lot of unhappy campers out there that bought the secondary at $21.25. And if they are telling the truth (low end of the range bs), BBEP isn't in good shape. I doubt anyone will have to worry about more offerings in the near future given this mess.
the production, hedging etc all the same. only delta is higher assumed operating expenses. they did same thing last yr, guided 190-200m ebitda and came in 10% higher so i don't see how can say anything is broken