Breitburn Energy Partners LP fka BBEPQ

[CaribouChris]

Information on why bankruptcy won't be successful.

Why Bankruptcy?

Breitburn Energy Partners has positive equity value of over $1.3 Billion per the latest 10-Q filed with SECStrong hedges on oil in 2016BBEP?s oil/gas asset values appreciated greatly since 4/30/2016 but Debtor is relying on net book value as of 4/30/2016Breitnurm management took $10 million in disbursements in the last 90 days prior to filing for Ch 11 which was not Authorized by the BBEP Common Unit holders.The BBEP stock is widely held, a lot of the "little people", a lot of 99 percenters Swift Energy and Halcon Resources shareholders received 4% equity in newly formed companies and Breitburn is in a stronger position than both Mr. H. Washburn received a incentive bonus award of over $700k in 2016Mr. Pease received an incentive bonus award of over $300k in 2016Several others at Breitburn Energy received incentive bonus awards over $100k in 2016 Why such an increase in employee related costs and professional fees in 2016 vs 2015 while BBEP revenues were down?