from what I've read, the report in all is very favorable and with the exception of the ex-div date I can't imagine the sell off taking place. What am I missing?
I consider BBEP to be a dividend stock in the sense that it's bot more for the dividend yield than appreciation expectations. That being said, the market seems to be taking the comments made at the CC about divvy coverage rates to mean you have to be willing to take a leap of faith with BBEP over the next year in order to believe the dividend is safe since ratio is well below 1.0 now and will only make it above 1.0 if their projections for quarters 3 and 4 are accurate. This DESPITE the fact that management had enough confidence to actually raise the dividend ever so slightly this past quarter... Coupled with the markets now being willing to question the future values of commods rather than assume they will be higher plus the couple of analyst downgrades and you have a scenario where sellers show up.... Makes it kind of interesting.... I've been in BBEP for a couple of years now and we've seen this play out before..... I think there's more reason to weigh the confidence shown by the dividend increase more heavily than to question the need for faith in their projections, especially when they seem to be hinting confidentally about expectations of more accretive acquisitions in the pipeline this year. So for what it's worth (next to nothing), I'm holding and actually hoping for it to go down a bit more. If it hits low 17's, I'll add.
i thought 18.88 was good to go so am in for 1000 shares...10 percent div. is a lot better than banks pay for a savings acct....the co. are trying to slowly get away from ng which is good...the more oily the better..
I only visit this board about every 3 months because I got out several years ago at 21 but I have really thought they were getting things together better the last 6 months and the purchases they were making would be accretive to distributions, I visited today and went and looked at earnings report and bought 2000 units at 18.90. I could see this going to 25 by yearend with the new cash flows that are coming and improved ng prices. Time will tell while I collect the distribution. This has been a good support area