I've lost all faith in BBEP management after reading the new financing agreements. People buying shares on the open market now have zero rights and assume 100% risk of losing their dividend altogether if the price of oil declines another 10-15%. This with almost zero percent chance of any share gains. I made a ton of money on the first buy in and lost 50% of that on the second. Out and done with BBEP for the foreseeable future. Strongly suggest anyone who does not believe they will see the price of oil back over $80 real soon do the same. Hey, you win some, you lose some...trick is to maximize the former and minimize the latter. Best of luck to you hard core holders who plan to try and weather this one out but if its a safer dividend play you're after I'd suggest FLY for a relatively safe +6% ROC or even LINE if you want to continue to hedge your bet on oil.
SBB
Pojama people, pojama people people...Lord they make you sleepy with the things they might say...
