Replies to post #2085 on Breitburn Energy Partners LP fka BBEPQ

[black_slk320]

Since the judge approved the EC, the debtors have no choice but including the EC in negotiations.

They just recognized that the EC now has a place at the table. If this isn't proof that we are in a great spot here, then you clearly are only here to try and bash this stock down. Get the red capes out because the BULL RUN is officially on.

I will paste the passage verbatim from the Debtors. From Page 11 section (viii) the Debtors state:
The Debtors need the requested additional time to meaningfully negotiate with stakeholders, including the Equity Committee, and achieve a consensual plan.

After reading docket info from the unsecured creditors, it appears they are working hard to get their money back. They want the Midland Texas assets to be sold to the highest bidder so that they get paid. They don't consider it a sure thing that they will be paid back. They believe selling off the assets offers their best chance.

If the debtors and secured creditors offer up a plan where the current management continues to run the company as it did before (and the judge approves it), I doubt the unsecured creditors get back 100% of their money. The price of oil has the biggest impact on who gets their money back.

[Wildbilly]

Has that docket been rescheduled for Nov 15?

698
Notice of Adjournment of Hearing of Matters Scheduled for October 27, 2016 (related document(s)267, 234) filed by Stephen Karotkin on behalf of Breitburn Energy Partners LP, et al.,. with hearing to be held on 11/15/2016 at 10:00 AM at Courtroom 723 (SMB)