When will it be CUT at current oil prices .... without major war to take SA off-line ?
I may play again with BBEPP after next drop in a few days, but I've generally switched to the bonds (LINN, BBEP, SD) for the long term bounce which will eventually arrive in 2nd half 2016 ? or 2017
This is how capitalism works my friends. I'm not buying BBEP this time around, Mid-Level oil plays (MRO) and USO works for me. But if MRO breaks below 7 again tomorrow, then I'm selling again and staying away for the big WASHOUT which should route small players into the toilet bowl. I do not believe BBEP is immune towards BK either, just because of some hedges they have. Management will join the crowd to avoid being left behind.
Still holding 1000 shares of BBEPP, may sell this week if we do not hold above 5
Lot's of incentive for BBEP to re-organize because BBEP+ BBEPP has $150 million in combined market cap... and you folks are excited about 40% yield on BBEPP. Think "Return of capital".
I sold on the run up including the 8s Bought back 1000 shares at 6.5 .... "but already regret" Will probably just resign and hold this and try to resist buying any more. Oil will probably be in the 20s to 30s range for next 3 months or so and this will squeeze out some more Chapter 11s When they cut the dividend on BBEPP then you know the writing is on the wall.