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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (51833)7/5/2013 10:34:50 AM
From: E_K_S  Read Replies (2) of 78702
 
BBEP looks like a better value buy to me. It also is getting hammered like LINE but is selling below BV. They too have loads of debt so not sure if they have to sell more units at a discount to raise the necessary capital and/or reduce their distribution (or both).

Here is what they just bought for $800mln. Rumor is that BBEP may have trouble raising enough capital to close the transaction.

Whiting Petroleum: $860 Million Asset Sale Not Yet Reflected In Share Price

Have you checked out BBEP? I picked up more shares this AM at $14.53/share. Position still small only 0.6% portfolio position but I plan on adding more shares if this one continues to sell off.

EKS
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