Seeking Alpha

Breitburn Energy Partners' (BBEP +4.6%) CFO and an executive VP bought a combined 26K shares on...

Breitburn Energy Partners' (BBEP +4.6%) CFO and an executive VP bought a combined 26K shares on July 5 at $15.07-$15.28 worth ~$400K (I, II). The purchases follow another insider buy from CEO Halbert Washburn, who reported buying 30K shares at $14.68-$14.92 on July 3, worth ~$450K.
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Comments (4)
  • Be Here Now
    , contributor
    Comments (5683) | Send Message
    Any chance these guys know more about BBEP than Hedgeye? Maybe it's just me, but I think so.
    9 Jul 2013, 01:38 PM Reply Like
  • Humble Value Miner
    , contributor
    Comments (456) | Send Message
    no no Hedgeye is correct, please sell sell BBEP!!! :-)
    (I added some at the incredible $15 price but now I feel that I should have bought more)
    9 Jul 2013, 03:40 PM Reply Like
  • armypilot
    , contributor
    Comments (24) | Send Message
    Perhaps the SEC would do well to expand their inquiry (or perhaps even INVESTIGATE, two entirely different actions) the motives behind Hedgeye's lumping BBEP and the several other lesser MLP's into the LINE category in its article.
    I noted also on Monday's (June 8th) news that Baird has placed an 'outperform' on BBEP with a target of $21.
    Time will tell but I'm long BBEP and intend to stay there
    9 Jul 2013, 02:04 PM Reply Like
  • Marek
    , contributor
    Comments (1517) | Send Message
    Hedgeye fits into my category of "big-wall-street-analy... contrary indicators. All one has to do is observe the reports with the results and the clear negative correlation jumps right out.
    11 Jul 2013, 01:16 AM Reply Like
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