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Many investors continue to believe that the investment risk correlates with the company's price per share. (178-1)
Full Cost E&P companies have taken the vast majority of impairments during the past 3 years, compared to their Successful Efforts counterparts. (78-0)
There has been a lot news since my last article on bankrupt companies. This includes a current trend to liquidate assets instead of creating a new viable company to continue operations. It seems what issues that caused the bankruptcy cannot be reduced enough in the Ch.11 process to support a newly restructured business model. (135-2)
(Reuters) - Breitburn Energy Partners LP (BBEPQ.PK) has received a $1.8 billion full cash offer from Lime Rock Resources, according to court papers filed on Friday, a surprise bid that could blow open the oil and gas producer’s bankruptcy reorganization plan. (5-0)
In Part 1 of this article, I discussed my own views on certain macroeconomic factors that investors should follow in 2018, including global and U.S production and pricing levels. (483-4)
(Reuters) - Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, announced to its employees on Sunday that it plans to file for Chapter 11 bankruptcy, according to an internal memo reviewed by Reuters. (31-0)
Nov 29 (Reuters) - Breitburn Energy Partners LP can begin seeking creditor support for a reorganization plan that would split the bankrupt U.S. oil firm into two separate, creditor-owned companies, a U.S. court ruled on Wednesday. (5-3)
Mid-Con Energy Partners LP is one of few upstream master limited partnerships still in the game after years of depressed oil prices. (10-0)
WILMINGTON, Del./CHICAGO, Aug 1 (Reuters) - Energy businesses that are trying to exit bankruptcy are finding a saviour in some of their own creditors, which have been scooping up newly issued stock from the companies at hefty discounts.
WILMINGTON, Del./CHICAGO (Reuters) - Energy businesses that are trying to exit bankruptcy are finding a savior in some of their own creditors, which have been scooping up newly issued stock from the companies at hefty discounts.
The bankruptcy case for Breitburn Energy Partners LP (OTCPK:BBEPQ) seems like it will never end. The exclusive period to file a plan was extended again (docket 1453) to September 12 during a hearing held on July 19. This contrasts with many other bankrupt energy companies that have already emerged from Chapter 11. The various stakeholders of Breitburn have not been able to agree on a reorganization plan because of the volatility in commodity prices, and major hedge funds are battling over the new Breitburn Energy equity.
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Breitburn's business strategy has been to manage their oil, NGL, and natural gas producing properties to generate cash flow and make distributions to their economic stakeholders. (0-1)
FT. LAUDERDALE, Fla., June 20, 2017 /PRNewswire/ -- Five companies recommended in a stockbroker's high-risk strategy, including BreitBurn Energy Partners LP. (OTC: BBEPQ) and LINN Energy LLC (OTC: LNGG), all declared bankruptcy, a Claim filed by a former customer of a brokerage firm alleges.
W&T Offshore (NYSE:WTI) is an independent oil and natural gas acquisition, exploitation and exploration company, with a focus primarily in the Gulf of Mexico. They own working interests in 54 fields in federal/state waters and have interests in leases covering approximately 850,000 gross acres in both deepwater GOM (350,000 acres 47% production) and shelf GOM (500,000 acres 53% production). While my previous article discussed the affects of a Trump presidency on W&T Offshore as a company, this article will discuss fundamental earnings analysis and why W&T offshore as a company is well positioned to withstand low oil prices while profiting from potential OPEC driven price increases.