Replies to post #2246 on Breitburn Energy Partners LP fka BBEPQ

[ttmasher]

Oil will go higher! BBEPQ, will more then survive! BBEPQ breaks .55, $1 land will dollow. Worth a lot more then .30? just my opinion!

[FinsDontRule]

They're also based on projections. What are the assets of BBEPQ worth currently? I'm assuming you've calculated it's worth to make this claim. I'd love to know.

[Olde English 800]

I disagree. Oil was $26/Barrel when the company, BBEPQ filed Bankruptcy. The SEC letter to the court said the company asset outweigh debt and liabilities by $900M - $2B. If oil was $26/B then, and $45/B now, their assets are now more than what the SEC investigation produced. Secondly, the company has tried to get an approval for no-minimum sale price. That means they can sell assets at deep deep discount, which would company dry, leaving nothing for us shareholders. Court needs to make sure whole company is sold as one or auctioned off as such.