Replies to post #882 on Breitburn Energy Partners LP fka BBEPQ

[Congo Mining]

I don't.

The valuations will be assessed within the next few months @ $50 - $55 per barrel.

New equity will be issued.
I'm guessing 60% to 2L and 40% to unsecured.

that new equity will at some point trade on the public market.

at some point over the next 3 years oil will reach $75.
The equity that is the resultant from the conversion of debt will eventually reach the corresponding value of $1.50/1.00 relative to what was previously the unsecured notes.

gust a guess.

But you almost do the math in your head, if you look at where the assets were valued relative to oil prices.

[ttmasher]

The bottom line here, is that BBEPQ, will be move up next week .20++!!