Bill Barrett Corp fka BBG

[Timothy Smith]

$BBG - The company plans to complete an asset sale by YE13 to fund the gap between its capex budget and operating cashflow, and while a formal data room is open for its West Tavaputs dry gas assets, there is still some question about which assets the company will ultimately sell.

Management has mentioned trying to sell its Powder River Basin acreage instead of its West Tavaputs assets, although we think either transaction faces its own unique set of headwinds.