Do yourselves a favor on any bounces: lighten up on the holding you have here. At the very least, wait till it stops going down before buying any more! Short restriction now in play till eod 3 Jul
I agree that taxation change is not a realistic issue. I am more concerned that the Hedgies are attacking BBEP and will campaign to bring it down along with LINE. BBEP best be clean with their accounting and I have no information that they are not. It seems a good time to buy, but not into weakness for me. Good luck.
I should add that, relating the SEC LINE investigation to BBEP, it has to do with LINE's accounting for PUTS in its hedging and accounting for the cost of PUTS on the DCF. BBEP does use PUTS for hedging but on a very small scale and I do not know if they use the same accounting strategy as LINE. Regardless, its a good time to buy.
That's what I was going to say too, but the negative news on LINE today was 100% specific to it alone, so any sympathy downward move with BBEP doesn't seem justified does it? When the LINE news has to do with an investigation of its proposed merger with Berry, how should that have any impact on BBEP? I don't get it.