Within two years or say 16 months BBEP does not have a problem. Why can not people understand that. I feel like I am a crying out in the wilderness. Anyone holding BBEP long please do some reading and DD. Understand how the oil market works, MLP financials and headbanging works so as to discern the ugly rumors spread by short mined shorts who want to discourage you and take your money. Do you really believe this Karen poster has you good will in mind. Yes, we are in the fire. It does not get much hotter than this and soon the fire will die out. Please understand the true situation and it will help you overcome all the fear put out by these people. They are not here to help or support or help you but, only to create fear to rub your losses in your face.
You can't be that dense, This administration is on course to try to destroy the American coal and oil industry. He has said so himself. These industries do not meet his green-clean motif. Just look at the Keystone Pipe Line Project veto, continuous EPA attacks on the coal and oil industry. Almost destroying the American coal industry. He is probably the most hated man in the coal producing states. The promotion of solar and wind energy over fossil fuels and new EPA constricts on power plants,
You shorts are like cockroaches. You squash one and another pops up. Give us some facts dummy. Posting your unsupported and unfounded opinion means nothing. You go on ignore with all the other wacko's.
Please do not make unfounded assumptions of fact.. Oil will recover. Will it be over $100? Who knows. If you do any DD you can learn a great deal from the past 3 major declines. For your own sake use your mind and read. How can you invest your money and not know anything about the company or the shale oil industry? History has taught us that; in previous major oil declines they have lasted an average of 20 months from peak oil pricing-07/2014.-to recovery of 90% of peak oil price. Dip in price to bottom will be 40-65% of peak oil which equates in to days market to $40-$45 oi. It will trade in that bottom trough for 3-5 months before the recovery begins. That's historical data. It is not an answer but, it sure gives you some clues on what to expect. Please do some reading on the company or at least read the post presented on these boards as some of these posters are real knowledgeably people. IMHO you should put the shares away and look at them 12 months from now. LINE has good mgt who have been through this before. They will survive.
With all due respect, do you have this narcissistic need to post to your self. You sometimes sound like a rational person but, this post on post on post to your self is beginning to look like you are a bit unstable.
Please do not take this personal but, where do you folks come from. Is this a game with you? Do you not do any DD before you post? I know LINE's hedge position and they did not have to cut the distribution. IMHO the distribution cut-although a little more than I anticipate-was intelligent, discretionary and preemptive move by the company to ensure it's success and become even a stronger player in the sector. This move did a lot of good things for the company's long term future. One I applaud them for.
Another idiot appears. Where do you folks come from? Do they have a special place where you idiots inbreed and procreate? Just wondering.
It's always good to get additional thoughts on a stock. There are some intelligent people who use these boards and are experts on particular stocks.
We will quickly see a reduction in output. Especial from American shale oil producers. It is happening already but, no one seems to realize that. Simply the announced cuts in capex automatically cuts production by not replacing fast depleting shale wells-50+% average depletion in the first year. US shale producers currently pump out about 9M bbld. In a few months that may be down to 7M-8M bbld and as time goes on the rate of decrease will increase. The economics of this oil pricing crisis do not bother me as they are historical predictable. It is the geopolitical implications that are unnerving as they are totally unpredictable.
With all due respect your post here is just like all your other postings; full of BS trash. I get that you are short this stock but please post something intelligent for a change other than these rants of a baby wanting a change. In fact that is a good analogy. Post some intelligent for a CHANGE. Maybe even read the cc before you bloviate.
Typical short playbook. Spread fear and create chaos. All her statements are generalized and have no factual support. The distribution cut is already baked in this pie so what is her new ingredient?
Best not to reply to the cockroach. Otherwise all his other relatives will show up. Put him on ignore.
Only an uneducated putz would ask that question. They have confirmed the payout and it will be paid every month this year. If you did a proforma you would see they have ample cash flow and if necessary even the borrowing power to pay it. They did not just pull the cut percentage out of their collective butt-holes.. It was done with a lot of contingencies and alternate plans . They have been through this before and they will make it through this one.
Unfortunately, in today's market and environment the reduction in rig numbers means little except that at some point in the future-most likely 12+ months-we may see a reduction in oil production numbers.. What you will see in the near future is a rise in production with less rigs. All shale oil producers have adopted the program of drilling only in known sweet spot areas. Therefore, there are no new dry holes or substandard production holes being drilled. Every hole is a winner. Also, production per rig has has almost doubled in the last two years. This is attributed to more experienced drill crews, newer rigs and the adaptation of automation and technology to the drilling industry. Add to that the process to the replacement -almost elimination -of vertical with horizontal drilling and you actually will see increased production with fewer rigs.
There is no doubt that war clouds in the middle east adds to support of oil prices at some point but, this is not a typical supply demand situation IMHO. It is purely geopolitical, as SA produces just enough oil daily over their own self imposed quota to keep the prices down. The House of Saud is very worried about #$%$ Iran and the power it is gaining as they are creating a ring of influence all around SA. They are especially worried about their own #$%$ population in the north of SA who who live among some of their best oil fields. The only way SA has to fight back is to unsettle the national economy of Iran through low oil prices. Iran needs $100 oil to meet its internal economic needs and SA knows that. The Saudi's are not fools and can count the money they are loosing but, this is much bigger than money to them. I have also read that the younger Saudi leaders have some concern about oil being replaced by new technology and do not want to end up setting on a black sea of worthless oil but, IMHO that is of little concern today.
With all due respect oilman, your post is based on a false assumptions. That is; you assume production will go down with less rigs when actually it will be increasing in the short to medium time span. If you really did know the oil industry-and I have no reason to doubt you don't-and specifically the shale oil industry you would know what is happening there. First, production per rig has doubled in the last couple years. This is attributed to; more experienced crews, newer drilling equipment, automation and technical advancements in the drilling process. Secondly, you would realize that most shale producers are now drilling only in known sweet spots so there are no longer any dry holes on unfamiliar acreage. Every hole in a known producer. Also, by not drilling any additional vertical holes but, by converting to horizontal drilling the production per well has increased sufficiently. IMHO we will actually see an increase in US production in the next six months.
It appears that you have not been in the market long enough to experience a sector going out of favor with investors. This is typical price action when that happens. The good, the bad and even the ugly get lumped together and all are beaten up. In short period of time savvy investors will again flock back in. Especially if they keep the divvy. Also as an apparent short, please come up with some better "junk" to post as this post really makes you look like an dullard.
It looks like another one of those sell at any price weeks. There seems to be no rhyme or reason to the sell-off other than oil pricing. I guess all I can do is buy as much as I can at these prices. Unfortunately, I felt the same when we were at $9.50 pps. The Saudi's-OPEC-appear not to have any thoughts of reducing production so we might just linger at these insane low prices for months. I don't think we will see a big rush to buy this stock for a while.
Well Karen we seem to have a bit of a disagreement of fact verse fiction. I hate to think where you you pulled this $40 bbl oil figure from but I hope you wiped. From historical and empirical data of the 3 major oil crashes that are highly documented oil pricing at it's maximum sustained low fell 60% from peak oil pricing at the beginning of the decline. That would put it at a max low of $45-$50 bbl using current figures. Please lighten up with the short propaganda as you maybe the one who cost folks the money when the recovery occurs in at least Q1-16. They have lost nothing if they do not listen to your fear mongering and sell. This like many of the other price declines will pass and I can write you a book on why-but you probably would not read it. Look you scored well in the first inning of this game and I applaud you for your constant attempts in spreading false rumors and fear but, we still have a lot of innings left in this game.