Blueknight Energy Partners, L.P. (BKEP)

[RyGuy]

Looks like this is still a significant market over reaction.

This level might be a huge bargain.

A $.02 distribution cut would garner an additional $3.2 Million annually, to allow them to deleverage.

If they did cut completeley for a few quarters or a year to allow them to deleverage. Right now the annual common distribution counts for roughly $13 Million.

I just don't believe the market is thinking rationally with the current market cap of $48 Million or below.

Totally an over reaction at the current level of $1.20 and below. But I could be wrong.