The combination enhances Breitburns ability to generate greater cash flow and creates significant incremental near-term and long-term value for unitholders. The transaction is expected to be accretive to distributable cash flow per unit, and upon closing of the transaction, Breitburn has agreed to recommend to its Board a distribution increase to $2.08 per unit on an annualized basis.
Bad buy. QRE has many issues--location of property and % gas vs oil. I think LINE is now best of breed for the upstreams. Midstream is the current sweet spot. Currently hold no position in either. Best
How in the heck is this going to work with all the structural issues at QRE, the preferred, the management units to be issued?? Owning BBEP I'm not sure this is that great of a deal. Owning QRE all I can say is . . . wow!!