It is obvious to me this stock is being manipulated. I agree that JPM is likely to drive it down to $40, load up, buy calls, advertise the great potential of BPT plus the royalties. Everybody and their uncle will jump back in and we could see BPT in the 90s again. As I have said before, I very much doubt that the price of oil is going to stay low like it is. There is just too much unrest in the Middle East. And Obama just declared Venezuela a political problem. Now he wants regime change in Russia.
I believe oil staying at the low price is a pipe dream. All hell is about to break loose in the Middle East and Iran could shut down the Straights of Hormoose. I think the oil market is being manipulated. Today it is the oil industry, tomorrow is could be the tech industry, and who knows which industry could follow that. Like Jim Cramer says: "There is always a bull market somewhere". Right now it is not oil but it will come back and soon. JMHO.
IMO, JP Morgan must know that the price of oil is going back to the $100 range. I would not be surprised if they are intentionally trying to drive BPT down as far as possible so they can buy and cash in on the dividend and capital gain. Be patient and buy when you think the price has hit the bottom. (we are living in a time of such deception and lies I wonder if sometimes we should believe the opposite of what we are being told)