Needed to change the thread title, as timber has already...

Needed to change the thread title, as timber has already happened imo.

Notice Breitburn stock was up to US$8 and closed $7.95 in after hours trading last night.
which is AUD $42,252,660.00 (on 4.3m shares)


Market Cap A$44m
Reducing stock weekly (242m now)
No debt bar con notes
BBEP (4.3m units ) A$42m
BBEP annual distribution A$5.1m
Cash A$50m? (can't work out exact)
Conv Notes - $52m (26m @ $2)

Still have $200m Mac facility (LIBOR + 4%) so under 5% for when they want to ramp into the 2 remaining projects
Still producing some oil and gas.

Updated annual dividend from BBEP covers all and more AZZ admin. They might have even leaned down some more like many other juniors.

Highly leveraged to oil prices on 2 fronts. BBEP holding + Permian acreage

Buying more at 18.5c.
seems remaining acreage are valued at zero. Way Oversold.