Today’s Shorts Alert: Will BREITBURN ENERGY PARTNERS LP COMMON (OTCMKTS:BBEPQ) Run Out of Steam Soon? Short Interest Is Down

November 25, 2016 - By Nellie Frank   ·   0 Comments

Today's Shorts Alert: Will BREITBURN ENERGY PARTNERS LP COMMON (OTCMKTS:BBEPQ) Run Out of Steam Soon? Short Interest Is Down

The stock of BREITBURN ENERGY PARTNERS LP COMMON (OTCMKTS:BBEPQ) registered a decrease of 70.35% in short interest. BBEPQ’s total short interest was 188,000 shares in November as published by FINRA. Its down 70.35% from 634,100 shares, reported previously. About 102,087 shares traded hands. Breitburn Energy Partners LP (OTCMKTS:BBEPQ) has risen 11.76% since April 22, 2016 and is uptrending. It has outperformed by 6.36% the S&P500.

Breitburn Energy Partners LP is an independent gas and oil partnership focused on the acquisition, exploitation and development of oil, natural gas liquid and natural gas properties in the United States. The company has a market cap of $85.52 million. The Company’s assets consist primarily of producing and non-producing oil, NGL and natural gas reserves located in approximately seven producing areas, which include Midwest (Michigan, Indiana and Kentucky); Ark-La-Tex (Arkansas, Louisiana and East Texas); Permian Basin in Texas and New Mexico; Mid-Continent (Oklahoma, Kansas and the Texas Panhandle); Rockies (Wyoming and Colorado); Southeast (Florida and Alabama), and California. It currently has negative earnings. The Company’s midstream assets include transmission and gathering pipelines, gas processing plants, NGL recovery plants, a controlling interest in a salt water disposal firm and the 120-mile Transpetco Pipeline.

BBEPQ Company Profile

Breitburn Energy Partners LP, incorporated on March 23, 2006, is an independent gas and oil partnership focused on the acquisition, exploitation and development of oil, natural gas liquid (NGL) and natural gas properties in the United States. The Company’s assets consist primarily of producing and non-producing oil, NGL and natural gas reserves located in approximately seven producing areas, which include Midwest (Michigan, Indiana and Kentucky); Ark-La-Tex (Arkansas, Louisiana and East Texas); Permian Basin in Texas and New Mexico; Mid-Continent (Oklahoma, Kansas and the Texas Panhandle); Rockies (Wyoming and Colorado); Southeast (Florida and Alabama), and California. The Company’s midstream assets include transmission and gathering pipelines, gas processing plants, NGL recovery plants, a controlling interest in a salt water disposal firm and the 120-mile Transpetco Pipeline. The Company’s total estimated proved reserves are approximately 239.3 million barrels of oil equivalent (MMBoe).

More important recent Breitburn Energy Partners LP (OTCMKTS:BBEPQ) news were published by: Wsj.com which released: “Breitburn Energy Partners Files for Chapter 11 Bankruptcy” on May 16, 2016, also Fool.com published article titled: “Breitburn Energy Partners LP Digs in for a Tough Year”, Fool.com published: “Forget Breitburn Energy Partners LP: Here Are 3 Better Dividend Stocks” on February 21, 2016. More interesting news about Breitburn Energy Partners LP (OTCMKTS:BBEPQ) was released by: Fool.com and their article: “Breitburn Energy Partners LP’s Earnings Fall With Oil Prices” with publication date: November 07, 2015.

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By Nellie Frank


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