Breitburn Energy Partners LP fka BBEPQ

[DFW]

Well Hedged, 9.44% Dividend Payer BreitBurn Energy Partners Is A Safe Haven


January 8, 2013

http://seekingalpha.com/article/1100121-well-hedged-9-44-dividend-payer-breitburn-energy-partners-is-a-safe-haven?source=email_alternative_energy_investing&ifp=0

BreitBurn Energy Partners LP (BBEP) is an oil and gas E&P company.

It buys proved producing properties that have further developmental potential. In other words, it takes little risk in its buys.

It has grown its distributions by 24% since the beginning of 2010. It is targeting 5% annual distribution growth. It has a market cap of $1.59B and an enterprise value of $2.37B. In the last approximately 1.5 years, it has bought about $745 million in new properties.

This is huge growth for its market cap and enterprise value.

This wouldn't have happened if it hadn't gotten great bargains. Further, these acquisitions have been highly weighted toward oil production due to the currently low prices of natural gas. These properties include an 85% oil-weighted property in Kern County, California.

This is significant in that BBEP can obtain Brent pricing for oil delivered in California. All of these acquisitions are immediately accretive to distributable cash flow.

Plus they provide good reserves; and they provide room for further development, including in reserves.

52wk high: 20.47
52wk low: 16.0601
EPS: -0.97
PE: N/A
Div Rate: 1.86
Yield: 9.4464
Market Cap: 1.63 B
Volume: 741.19 k