Breitburn Energy Partners LP fka BBEPQ

[Santa Barbara Broker]

The stock IS oversold by every technical paradigm imaginable. That's not an opinion...it's fact. And the share price has already been as low as $4.55 as recently as the 14th...what were you waiting for? What 'loan'? They have a credit line of $2.5B of which almost $2.2B has been tapped. That line may or may not be revised down in April 2015 but if it is not, they have $300M available without sourcing any 'loan'. The credit facility redetermination will all depend on the price of oil and natural gas at that time in April. A time far enough down the road that oil and NG has a lot better chance of being headed UP in price than further down. If redetermination lowered their credit facility $300M say...and shut it off for all practical purposes and they decided to use the option of their shelf registration, yeah, the share price may decline a bit. But it's six of one, half a dozen of the other. They are borrowing money to produce a commodity, GA and to do M&A. There is value there...so would you rather have them paying relative high interest to a lender in a tight credit market or have your stock diluted a tad and continue to get a 14% dividend? I suggest you read Breitburn's SEC filings once in awhile...extremely helpful if you are going to invest in a partnership which is a whole different animal than what you seem to be sizing up...

http://archive.fast-edgar.com/20150106/A6Z2T22CZ222V2D2222822Z2NS92TM275272