Breitburn Energy Partners LP fka BBEPQ

[black_slk320]

The SEC used the companies shareholder equity and August MOR to convince the judge that an EC was needed, so the the October MOR is what the judge will see as the current equity value.

That latest MOR is absolute garbage.

How the hell do you write down $300M in assets with notsomuch as a flipping footnote?

Get real man.

You will have to ask the accountants why the value dropped. My guess is that the projected average price of oil by some government agency has changed and that resulted in the drop. If OPEC and Russia cut production at the end of November, the projected price of oil should go back up. If there are no production cuts, then the surplus oil situation will continue and oil prices will probably drop further.