Breitburn commons will only survive if the price of oil goes higher. Higher oil prices depend on the OPEC meetings at the end of November. If they can't agree to reduce production by at least 1M barrels a day and stick to the limits, the oversupply will continue.
The best chance for the commons was for asset sales when oil was over $50/barrel. Now oil is back under $45/barrel for WTI. BBEPQ trades up and down with the price of WTI because any valuation method for the company assets depends on what the reserves in the ground are worth.
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