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OTC Scam Hunter

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OTC Scam Hunter

Re: None

Saturday, 03/24/2018 9:24:35 AM

Saturday, March 24, 2018 9:24:35 AM

Post# of 4800
Summary: Breitburn's bankruptcy proceedings appear to finally be coming to a close.

Second-lien bondholders will receive a strong recovery via ownership of Breitburn's legacy assets, while unsecured bondholders will receive a modest recovery.

Common and preferred units will be cancelled with no recovery.
The court's valuation for Breitburn's assets are fairly close to my previous estimates.

Oil spot prices have increased significantly, but long-term oil prices have actually slightly decreased.


https://seekingalpha.com/article/4157930-breitburn-energy-partners-bankruptcy-proceedings-nearing-end

https://www.reuters.com/article/us-breitburn-energy-bankruptcy/breitburn-reaches-bankruptcy-exit-deal-with-holdout-creditors-idUSKCN1GO2MG

The OTC is the home of BS "companies" that are nothing more than fronts for toxic diluting share dumping penny stock scams. Buyers beware.

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