Nobody knows what the future brings but here's my opinion:
BBEP is going to try and ride out and weather the low price for oil. They have greatly reduced their spending costs as well as closed the $1 billion planned investment led by EIG Global Energy Partners on April 8th, resulting in about $500 million of current accessible liquidity.
Yes even though oil price is at record lows I don't think it will stay this low forever. It'll eventually go back up but how long will it take?
I think BBEP can hold out for quite awhile before they get desperate. They are rich with assets and could be bought out by one of the giants. Although I don't think they'll be bought by Energy Transfer Partners as ETP is more in the line of pipeline distribution, shipping, and storage.
The worst that I can see in the immediate future for BBEP is that they would retreat back to quarterly dividends rather than monthly or eliminate dividends altogether until things picked up again.
Me, I'm buying as much as I can of this gem, reaping the monthly divy and banking that oil prices will once again pick up... maybe not as high as previously, but oil will go up again. I reached the 10k share mark last week and working towards my second 10k.... GLTY
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