Breitburn Energy Partners LP fka BBEPQ

[MattySR]

Well the initial POR drafted by the debtors will 99% spell out zero returns for both equity tranches so I don't see how the release of the initial POR will help price in the immediate short term. Short term doesn't really matter in a bankruptcy case imo anyways. Check what happened with peabody. Dropped below 1 after bankruptcy declaration. Once trump was elected, (pro coal administration) the price skyrocketed to $13+. Now it's shares are cancelled at .38 cents. I mean it must have been great for the day traders but the stock eventually was confirmed worthless. Bad news for the long term bk holders (if they exist..)

the debtors have already "valued" breitburn below bringing debt tranches to full value in their fight against the equity committee.

The EC will then most likely argue that the debtors valued the company wrong and a fight will ensue and blah blah then it will be in gods hand from there