BreitBurn Energy (BBEP -4.7%) is off its worst lows after CEO Halbert Washburn discloses buying...

BreitBurn Energy (BBEP -4.7%) is off its worst lows after CEO Halbert Washburn discloses buying 30K shares on July 3 at an average $14.92, worth ~$447K. Shares have dropped 20% since Linn Energy's SEC inquiry news, which prompted Hedgeye to dub BBEP "Linn Energy junior." Other upstream MLPs also are lower: VNR -5.6%, QRE -6.5%, LRE -7%.

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Comments (4)
  • Clayton Rulli
    , contributor
    Comments (3424) | Send Message
    Who needs share buyback when the CEO is da man
    5 Jul 2013, 12:49 PM Reply Like
  • unclemike7849
    , contributor
    Comments (369) | Send Message
    Why hasn't Washburn defended BBEP since the hack job that Hedgeye performed last week? After all, he's supposed to have the stockholder's interest in mind.


    Letting this kind of written comment go un-defended is irresponsible for a CEO.
    5 Jul 2013, 01:17 PM Reply Like
  • Davephd
    , contributor
    Comments (1183) | Send Message
    The Motley Fool has certainly been doing their job:


    5 Jul 2013, 01:24 PM Reply Like
  • indianadan48
    , contributor
    Comments (79) | Send Message
    I am a buyer now - all news positive until shorts published negative comments to drive stock down. Expect increase in div as usual due to recent acquisitions and increased cash flows. Should go X first week in Aug.
    5 Jul 2013, 02:20 PM Reply Like
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