Pacific Coast Oil Trust (ROYT -3.8%) tumbles after a bearish note from Hedgeye's Kevin Kasier -...


Pacific Coast Oil Trust (ROYT -3.8%) tumbles after a bearish note from Hedgeye's Kevin Kasier - who's been notably sour on upstream MLPs like Linn Energy and Breitburn. Kaiser also reiterates his short of Breitburn (BBEP +4.6%), but the bulls are winning the battle today, with disclosure of more insider buys maybe helping.
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  • Earning REady
    , contributor
    Comments (191) | Send Message
     
    Transparent arbitrage by sophisticated industry insiders works until conflicts are exposed.
    Pacific Coast Energy Company LP (formerly known as BreitBurn Energy Company L.P. ) is the parent of Pacific Coast Oil Trust (ROYT) which is run by the same management as BreitBurn Energy Partners L.P. (BBEP) which is basically a financial transaction to create net worth for the Breitburn executives and investment bankers (Robert W. Baird ) who put these deals together.
    10 Jul 2013, 01:24 PM Reply Like
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