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Breitburn Energy Partners LP Message Board

nypd2726 280 posts  |  Last Activity: Feb 2, 2016 3:08 PM Member since: Mar 17, 2008
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  • Reply to

    Update re. D/H........

    by nypd2726 Feb 2, 2016 12:49 PM
    nypd2726 nypd2726 Feb 2, 2016 3:08 PM Flag

    "I could never understand why people relish in the fact that others are losing money.."

    For the record, other than THAT person, I have never relished that anyone else here lost or was losing money in this stock. In fact, I have posted on more than one occasion that I wished other investors success with respect to their positions in this stock.

    Sentiment: Strong Sell

  • Ahh, Mr. D/H, who was holding onto 320k shares of this worthless stock at a average SP of 0.39 ($124,800), is still in possession of this worthless stock, whose SP is now 0.04.

    Mr. D/H's position in this worthless stock is now valued at a whopping $12,800........OUCH!!!

    I notice Mr. D/H no longer pumps his beloved PVAH...

    Sentiment: Strong Sell

  • Reply to

    Naked

    by kwantung07 Feb 1, 2016 1:29 PM
    nypd2726 nypd2726 Feb 1, 2016 1:59 PM Flag

    Can you tell me another story, daddy? I still can't fall asleep.

    Sentiment: Hold

  • Just put all the bashers/obvious shorts on ignore. This board looks great now.

    Very simple thing to do, folks........

    Sentiment: Buy

  • nypd2726 nypd2726 Jan 26, 2016 10:04 AM Flag

    My apologies....I just found the piece you referred to.

    BTW, I'm long SGYP.

    Sentiment: Buy

  • nypd2726 nypd2726 Jan 26, 2016 9:39 AM Flag

    Thanks for posting something that was dated 10/2//15......

    Sentiment: Buy

  • Reply to

    been gone a while

    by how_bout_we_talk Jan 20, 2016 12:47 PM
    nypd2726 nypd2726 Jan 20, 2016 5:52 PM Flag

    "You have no skin in game, cuz you have no money to invest but watching and flagot around here 24/7."

    You should talk! With all the dough you're down on PVA alone (over $100k), you're probably living in a sewer now.

    Sentiment: Strong Sell

  • nypd2726 nypd2726 Jan 20, 2016 3:50 PM Flag

    "........but that loud mouth liar got what karma dealt to him."

    And then some!!

    Sentiment: Strong Sell

  • Just to keep you folks up to snuff, our 'financial genius' is currently down $105,600.00.

    Oh, yes, he's a genius all right!! lmao

    Sentiment: Strong Sell

  • Reply to

    PVA delisting......

    by nypd2726 Jan 20, 2016 10:48 AM
    nypd2726 nypd2726 Jan 20, 2016 12:44 PM Flag

    I'm still cracking up with what he said below........

    "No they were not forced. I won't tell you my source on this board"

    Sentiment: Strong Sell

  • There is absolutely nothing in the below piece that indicates a voluntary delisting by PVA. The closest mention of a voluntary delisting- -and that wasn't even close- -in this piece was this:

    "The Company does not intend to appeal the delisting determination."

    "RADNOR, Pa., Jan. 12, 2016 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (NYSE:PVA) today announced that it received notification from the New York Stock Exchange (NYSE) that the NYSE had determined to commence proceedings to delist the Company's common stock as a result of the NYSE's determination that the Company's common stock was no longer suitable for listing on the NYSE based on "abnormally low" price levels, pursuant to Section 802.01D of the NYSE's Listed Company Manual. The NYSE also suspended trading in the Company's common stock effective immediately.

    The NYSE stated that it will apply to the Securities and Exchange Commission (SEC) to delist the Company's common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE's determination. The Company does not intend to appeal the delisting determination. The Company anticipates that its common stock will begin trading on the OTC Pink on January 13, 2016, under the symbol "PVAH". The transition to the over-the-counter markets will not affect the Company's business operations. The Company will remain subject to the public reporting requirements of the SEC following the transfer."

    Sentiment: Strong Sell

  • nypd2726 by nypd2726 Jan 20, 2016 10:48 AM Flag

    "Fewer Than 300 Shareholders of Record

    A company must have fewer than 300 shareholders of record to deregister its stock without a vote of the stockholders. Delisting is the first step in the deregistering process. When a company deregisters, it no longer is required to file quarterly and annual compliance reports with the SEC, but its stock can continue trading on the Pink Sheets. To block a company from deregistering, a shareholder group can campaign to have all shareholders request physical delivery of their stock certificates so each shareholder is counted as a shareholder of record. When shares are held in an account at a brokerage firm, the brokerage is counted as the shareholder of record, so a company with many thousands of shareholders might show fewer than 300 shareholders of record because most shareholders are keeping their stock in their brokerage firm accounts in what is called "street name" or safekeeping.

    Mounting Shareholder Lawsuit

    When a company decides to delist and deregister, it must have a vote of shareholders to approve the move unless it can show there are fewer than 300 shareholders of record. If the company shows fewer than 300 shareholders, your only alternative is to mount a shareholder lawsuit to replace management over various claims such as fraud or conflict of interest. If you can't replace management or force a shareholder vote, the company can usually proceed with its plans to delist and deregister."

    Sentiment: Strong Sell

  • nypd2726 by nypd2726 Jan 20, 2016 10:47 AM Flag

    "Fewer Than 300 Shareholders of Record

    A company must have fewer than 300 shareholders of record to deregister its stock without a vote of the stockholders. Delisting is the first step in the deregistering process. When a company deregisters, it no longer is required to file quarterly and annual compliance reports with the SEC, but its stock can continue trading on the Pink Sheets. To block a company from deregistering, a shareholder group can campaign to have all shareholders request physical delivery of their stock certificates so each shareholder is counted as a shareholder of record. When shares are held in an account at a brokerage firm, the brokerage is counted as the shareholder of record, so a company with many thousands of shareholders might show fewer than 300 shareholders of record because most shareholders are keeping their stock in their brokerage firm accounts in what is called "street name" or safekeeping.

    Mounting Shareholder Lawsuit

    When a company decides to delist and deregister, it must have a vote of shareholders to approve the move unless it can show there are fewer than 300 shareholders of record. If the company shows fewer than 300 shareholders, your only alternative is to mount a shareholder lawsuit to replace management over various claims such as fraud or conflict of interest. If you can't replace management or force a shareholder vote, the company can usually proceed with its plans to delist and deregister."

    Sentiment: Strong Sell

  • Part 2......

    Related: $10 oil: Crazy or the real floor beneath the oil crash?
    More oil companies will dieThe oil crash has already caused 42 North American oil companies to file for bankruptcy since the beginning of 2015, according to a list compiled by Houston law firm Haynes and Boone. It's only likely to get worse. Standard & Poor's estimates that 50% of energy junk bonds are "distressed,"meaning they are at risk of default. "There is a lot of distress in the industry. There will be a lot of pain but they'll get through it," said Buddy Clark, a 33-year veteran of the energy finance space and a partner at Haynes and Boone. The financial pain has gotten so great that now there's murmurs of a bail out for the U.S. oil industry, though it's clear any assistance would run into political opposition. Related: Is it time to bail out the U.S. oil industry?Are banks ready?All of this raises the question: Is Wall Street doing enough to prepare for the oil storm? "One year from now, are you going to look back and say, 'Whoops, we didn't get ahead of this enough,'" outspoken banking analyst Mike Mayo asked JPMorgan boss Jamie Dimon during Thursday's conference call. Dimon said if it were up to him, he'd reserve against the potential for even greater losses.

    Sentiment: Strong Sell

  • Part 1.....

    Big banks are cringing as crude oil is crumbling.
    Firms on Wall Street helped bankroll America's energy boom, financing very expensive drilling projects that ended up flooding the world with oil. Now that the oil glut has caused prices to crash below $30 a barrel, turmoil is rippling through the energy industry and souring many of those loans. Dozens of oil companies have gone bankrupt and the ones that haven't are feeling enough financial stress to slash spending and cut tens of thousands of jobs. Three of America's biggest banks warned last week that oil prices will continue to create headaches on Wall Street -- especially if doomsday scenarios of $20 or even $10 oil play out. For instance, Wells Fargo (WFC) is sitting on more than $17 billion in loans to the oil and gas sector. The bank is setting aside $1.2 billion in reserves to cover losses because of the "continued deterioration within the energy sector." JPMorgan Chase (JPM) is setting aside an extra $124 million to cover potential losses in its oil and gas loans. It warned that figure could rise to $750 million if oil prices unexpectedly stay at their current $30 level for the next 18 months. "The biggest area of stress" is the oil and gas space, Marianne Lake, JPMorgan's chief financial officer, told analysts during a call on Thursday. "As the outlook for oil has weakened, we would expect to see some additional reserve build in 2016." Citigroup (C) built up loan loss reserves in the energy space by $300 million. The bank said the move reflects its view that "oil prices are likely to remain low for a longer period of time." If oil stays around $30 a barrel, Citi is bracing for about $600 million of energy credit losses in the first half of 2016. Citi said that figure could double to $1.2 billion if oil dropped to $25 a barrel and stayed there." (cont.)

    Sentiment: Strong Sell

  • nypd2726 nypd2726 Jan 13, 2016 5:48 PM Flag

    "PVA Is now PVAH."

    I guess you're the last one to know about that, turkey!

    Sentiment: Strong Sell

  • Reply to

    From the mouth of Mr. Wonderful..........

    by nypd2726 Jan 13, 2016 3:33 PM
    nypd2726 nypd2726 Jan 13, 2016 4:52 PM Flag

    Ditto!!!!

  • nypd2726 by nypd2726 Jan 13, 2016 4:41 PM Flag

    Your "savvy" investor is currently down over $102,000......

    Those who follow this sage should ask him what board he will be posting and pumping on next.......

    Sentiment: Strong Sell

  • Reply to

    From the mouth of Mr. Wonderful..........

    by nypd2726 Jan 13, 2016 3:33 PM
    nypd2726 nypd2726 Jan 13, 2016 4:23 PM Flag

    "...with that relentless pumping and attacking of those savvy investors like myself..."

    Savvy investor?????!!!!!! Savvy investor?????!!!!! YOU?????!!!!!!!

    Hey, cucumber, you're currently down over $102,000!!! And you call yourself a savvy investor???!!!!!

    Lemme see you b/s your way out of that one on this board. lmao!!!

    And as far as pumping is concerned, your add-on posts were tantamount to pumping!!! You're a joke when you accuse others of pumping!

    Sentiment: Strong Sell

  • "As for my stake in the company, "Nothing is final until it is truly the end"

    Oh, it's truly the end, Mr. Wonderful. I will it!

    Sentiment: Strong Sell

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