you are correct henry my letter was not to tell them any more than the fact that most knowledgable stock investors understood the need of a distribution cessation immedialely for the strength of the company and that the sooner it happened the better off we would be long term
the problem is that the govt is using the same or more stringent criteria to treat prisoners and Veterans and medicare and medicaid
only if family members are sharing the same drug needle in their intimate contact but a kiss won t spread it and normal sex will not so you are incorrect.
I seriously doubt that any govt medical care plan will be helpful as they wont be able to afford the upfront costs either, this is a cash flow control problem that the insurance is looking at and the fact is that until you start having damage they have time to wait because maybe you die in a car accident first or a heart attack from your Obamacare premium
because when it turns it could be dramatic, I have been averaging down also first purchase at 9.17 rallied sold that then starting buying again current positions 23k shares at 8.83 bought some today at 7.97 will add some more next week . I am about 1/2 position at this point.
and why not they just bought a lot of assets, most assets are carried at values below market and I doubt that BV has gone down except for the drop in value of oil They have over $2B in debt so surely the banks are not loaning them more than they are worth. Think about it.
merry Christmas to all of those on this post, it has been enjoyable and enlightening to read your posts this last year. I too feel we are postitioned for a good 2015 especially with the lower oil prices that will kick start many of the economies in the industrialized world. This will provide for a good market and higher profits and lower costs to everyone except the oil industry. I wish you all a very happy time with your families this holiday season. rodney
I would suggest that all of those that feel the distribution be cut to zero ASAP send an email to investor relations to see if we can get it done quickly and help strengthen this company. I have now averaged into 23000 shares at 8.81
was long on dec 3 at 10.55 according to her post so she cant be up too much as she lost on that trade and went short. she acts like she shorted this at 20 but her posts paint a different picture, she turns bearish about the time you should get bullish I dont see any posts prior to dec from her on BBEP looks like she tried to catch the falling knife and it kept falling and she is still squealing.
it is a line of credit and it doesnt come due til the line expires or covenants are broken qnd not corrected. Should they be in jeopardy of breaking covenants then they will be forced to discontinue distributions until they get back into line on covenants and that is why some of us would like to see them discontinue sooner rather than later so that they are never forced or faced with the covenants and that they get their house in order for what appears to be a prolonged battle in oil. Several of the majors have already reduced their capex and I would imagine that BBEPs bod is doing the same discussions currently and possibly making decisions on what will trigger a distribution discontinuace. Personally I think they will discontinue and not cut when they make the decision. If they make it before the LOC is revisited then they could cut if they wait til the bank requires it it will be a discontinuance. Bite the bullet and get it done then Karen can take her profit and move on and the rest of us can add to our positions and wait for LTGs
most likely the distribution gets cut and that is where the market price is currently saying, you may have more downside if the price of oil continues down but looking at history going back to 2009 when they faced a similar situation with slightly worse coverage then you will see that they will survive and that if they reduce their distribution that they will financially bolster the company at which time it will rally more than the distribution you wont recieve. I would look at the price of the stock 6 months after they cut the distribution to zero and it was another 8 mos before they reinstituted.
looking at your back posts I see a lot of statements that have not come true and a lot of false statements I have decided to put you on ignore since you are a spammer and not an accurate source of information
I am comfortable with it for a long term trade but currently I am daytrading until I get a full position on for long term 1/3 to 1/4 current
position of what I want for long term so if I get caught I will average down such as today where it is 40 cents below my earlier entry I will average down tomorrow or next week when it settles out again.
cramer flipflops faster than a daytrader, seeking alpha is written by mostly amateurs I would not follow advice solely based on either of those sources.
you have misunderstood what you read, they have 100% of their hedging done, typically they only hedge 80% of current year 70% of next year, 60% of following yr 40% of next yr and 5% of the next yr they never hedge 100% of any year. You need to read some of their presentations and not be so shallow or misleading
the difference between me and your statement is that I buy for capital gains and not distribution. I also hope for a 100% cut in distribution but dont expect it for a least 2 more months if oil prices stay low otherwise it could be a smaller cut but any cut will improve stock price