Just a small fraction of it.
They are after refineries, not E & P's.
It is all about the diminished cash flow going forward and not so much the price of oil. The reduced hedges this year and smaller hedging next year will drastically cut back cash flow.
Why thank you so much for that information. I had no idea oil was in a downturn in 2014. Keep up the good work!
You will not receive a K-1 from QRE. As I stated before, the merger took place in 2014 and two K-1's were sent out for that year.
Ya, BBEP bought QRE November of 2014.
These partnerships were designed to provide a steady source of income that is tax deferred or sheltered. You know that. Your way, you pay capital gains taxes. It's about the tax.