Past year: ▼ 95%(0.25c – 7.40c USD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Jan 2012debt financing● NeutralMajor
Raised $250 million of 7.875% notes due 2022 to repay the revolver. Same manoeuvre as the 2020 notes: bank borrowings used for acquisitions were termed out into long-dated bonds, leaving the revolver free to be drawn again.
2 Dec 2011material agreement● Neutral
Quicksilver sold its remaining 8 million units at $16.52 - well below the $19.78 it got six months earlier - and left the register entirely. Breitburn again received none of the money; the last piece of the old ownership dispute was gone.
1 Dec 2011substantial holder notice● Neutral
Quicksilver Resources Inc reported no remaining Breitburn Energy Partners LP shareholding in its periodic institutional filing.
30 Nov 2011securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
29 Nov 2011securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
8 Nov 2011quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $277.6 million for the period ended 2011-09-30.
8 Nov 2011quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $277.6 million for the period ended 2011-09-30.
7 Oct 2011asset acquisition disposition● NeutralMajor
Closed the Cabot purchase at $283 million, adding the Evanston and Green River Basin gas fields in Wyoming.
8 Aug 2011quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $142.4 million for the period ended 2011-06-30.
8 Aug 2011quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $142.4 million for the period ended 2011-06-30.
29 July 2011material agreement● NeutralMajor
Agreed to buy Cabot Oil & Gas's south-west Wyoming properties for $285 million, 95% natural gas, funded entirely on the bank revolver. The largest purchase to date and a deliberate move back towards gas.
6 July 2011substantial holder notice● Neutral
Quicksilver Resources Inc reported a Breitburn Energy Partners LP shareholding of 8,013,021 shares (13.57% of votes) in a periodic institutional filing.
20 June 2011material agreement● Neutral
Quicksilver Resources, a year after settling its lawsuit, sold 7 million Breitburn units at $19.78, cutting its stake to between 13% and 15%. Breitburn received nothing from the sale; the effect was simply that a large, previously hostile holder was heading for the exit.
16 June 2011substantial holder notice● Neutral
Quicksilver Resources Inc reported a Breitburn Energy Partners LP shareholding of 8,613,021 shares (14.59% of votes) in a periodic institutional filing.
16 June 2011securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
14 June 2011securities registration● Neutral
Breitburn Energy Partners LP filed a prospectus supplement for an offering off its existing shelf.
10 May 2011quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of -$12.7 million for the period ended 2011-03-31.
10 May 2011quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of -$12.7 million for the period ended 2011-03-31.
10 May 2011substantial holder notice● Neutral
The Baupost Group, L.L.C. and 2 others reported a Breitburn Energy Partners LP shareholding of 2,500,000 shares (4.23% of votes) in a periodic institutional filing.
17 Feb 2011securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
11 Feb 2011substantial holder notice● Neutral
The Baupost Group, L.L.C. and 2 others reported a Breitburn Energy Partners LP shareholding of 4,350,000 shares (8.16% of votes) in a periodic institutional filing.
10 Feb 2011material agreement● Neutral
Sold 4.9 million new units at $21.25 for about $100 million and used all of it to pay down the revolver. This is the pattern for the next four years: draw the bank line to buy assets, then issue units to clear the line.
8 Feb 2011securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
7 Feb 2011securities registration● Neutral
Breitburn Energy Partners LP filed a prospectus supplement for an offering off its existing shelf.
19 Jan 2011business combination● Neutral
Breitburn filed a registration statement to swap its privately issued $305 million of 8.625% senior notes due 2020 (sold 6 October 2010) for identical notes registered with the SEC. No new money is raised and the terms are the same apart from being freely tradable; this completes the paperwork for the October 2010 bond issue.
9 Dec 2010substantial holder notice● Neutral
The Baupost Group, L.L.C. and 2 others reported a Breitburn Energy Partners LP shareholding of 4,983,600 shares (9.35% of votes) in a periodic institutional filing.
4 Nov 2010quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $69.8 million for the period ended 2010-09-30.
4 Nov 2010quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $69.8 million for the period ended 2010-09-30.
22 Oct 2010securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
13 Oct 2010substantial holder notice● Neutral
Quicksilver Resources Inc reported a Breitburn Energy Partners LP shareholding of 15,691,021 shares (29.44% of votes) in a periodic institutional filing.
