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Secondary Recovery -- BBEP Has Made It, VNR Has A Ways To Go

|Includes:Breitburn Energy Partners LP (BBEPQ), VNR

Five trading days after announcing their 10,000,000 unit secondary at 18.51, BBEP has just about returned to their pre-offering price. VNR, which announced a 6,000,000 unit secondary last night had closed at 18.30, below the offering price. However, almost all of the 6,000,000 units traded hands today, so I'm hoping that VNR will return shortly to the 28.66 close from last night. We'll see how long that takes.

Disclosure: I am long BBEP, VNR.

Stocks: BBEPQ, VNR