Dallas, Texas 02/06/2014 (FINANCIALSTRENDS) – BreitBurn Energy Partners, L.P.(NASDAQ:BBEP) the Los Angeles based oil and gas company operates as a partnership and is involved in the exploitation, acquisition as well as development of oils, gases properties across the US. The core assets for the company are the reserves it holds in the Antrim Shlae as well as the sites located across the Michigan, Evanston, Green River, Big Horn and Powder River Basins. BreitBurn Energy Partners, L.P.(NASDAQ:BBEP) has since acquired oil and natural gas properties in the regions of Permian Basin off Texas in CrownRock.
BreitBurn Energy Partners, L.P.(NASDAQ:BBEP) currently trades on the stock market at $20.50 and reports a market value $2.04 billion. The volume trade is 553,446, besides a 52-week high of $21.40. The 52-week trading low for the company is $14.01. EPS is -0.01. The dividend rate is 1.97, while the yield is 9.60.
BreitBurn Energy Partners, L.P.(NASDAQ:BBEP) latest press release dated January 30, 2014 announced the distribution for the month. The company is noted to have much upside for the next quarter due to production growth promises. Reiterating the strong production scene is the recent acquisition of Permian Basin. This site holds promise not only for the reserves but the strategic position as well. The region is known to hold the highest quantum of oil and gas reserves in the country and has reported over 1 million barrels in production 2011. By acquiring Permian Basin, the company has indeed ensured future growth potential.
BreitBurn Energy Partners, L.P.(NASDAQ:BBEP) wining position is due to its strategy. The proven and low risk reserves it holds as well as the strategic acquisitions indicate strong fundamentals. The organic growth opportunity is likely to be achieved if the management team of BreitBurn continues in place. Adjusted earnings as well as amortization means the continued distribution will be consistent.