Breitburn Engy Ptnrs Pfd BBPPQ

Energy Oil & Gas E&P

"Breitburn Energy Partners LP is engaged in the oil and gas market. It is an independent oil and gas partnership focused on the acquisition, exploitation, and development of oil, natural gas liquid (NGL) and natural gas properties in the United States. Its midstream assets include transmission and gathering pipelines, gas processing plants, NGL recovery plants, a controlling interest in a salt water disposal company."

OTCPK:BBPPQ - Post by User

Breitburn Engy Ptnrs Pfd

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Post by 5thAmendmenton Apr 13, 2009 3:40pm

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Post# 15914249

Quiet board, spectacular yield

Breitburn is another limited partnership which I am very fond of. The company has been increasing its cash distribution 6 times since its IPO in Oct. 2006 and is currently trading at a 65 per cent discount to BV. With no less than 80 per cent of its production hedged in 2009 (with prices averaging $73 per barrel for crude and $8.05 /mmbtu for natural gas) this is a story definitely worth your time and your hard earned savings.

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