Past year: ▼ 95%(0.25c – 7.40c USD)
Each one in plain English, with the numbers worked through for a shareholder.
7 Oct 2010debt financing● NeutralMajor
Breitburn's first bond issue: $305 million of 8.625% notes due 2020, sold privately to institutions, with the bank borrowing base reaffirmed alongside. The partnership now had long-dated debt as well as a revolver - the beginning of the capital structure that eventually broke it.
10 Sept 2010substantial holder notice● Neutral
Quicksilver Resources Inc reported a Breitburn Energy Partners LP shareholding of 16,341,021 shares (30.70% of votes) in a periodic institutional filing.
4 Aug 2010quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $134.2 million for the period ended 2010-06-30.
4 Aug 2010quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $134.2 million for the period ended 2010-06-30.
20 May 2010substantial holder notice● Neutral
Marshall R. Young Oil Co, Estate of William K. Young, Shannon Y. Ray, George M. Young, Sr disclosed a new substantial Breitburn Energy Partners LP shareholding (6.80% of votes).
13 May 2010securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
12 May 2010substantial holder notice● Neutral
Quicksilver Resources Inc reported a Breitburn Energy Partners LP shareholding of 17,728,071 shares (33.26% of votes) in a periodic institutional filing.
10 May 2010quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $133.2 million for the period ended 2010-03-31.
10 May 2010quarterly activities report● Neutral
Breitburn Energy Partners LP reported quarterly revenue of $133.2 million for the period ended 2010-03-31.
7 Apr 2010substantial holder notice● Neutral
Quicksilver Resources Inc reported a Breitburn Energy Partners LP shareholding of 21,347,972 shares (40.45% of votes) in a periodic institutional filing.
9 Feb 2010material agreement▲ GoodMajor
Breitburn agreed with Quicksilver and Provident to settle all litigation, paying Quicksilver $13 million that it expected insurance to cover. It intended to reinstate quarterly distributions at $0.375 a unit ($1.50 a year) from Q1 2010, if coverage was at least 1.2, with Quicksilver gaining two board seats.
9 Feb 2010substantial holder notice● Neutral
The Baupost Group, L.L.C. and 2 others disclosed a new substantial Breitburn Energy Partners LP shareholding (16.10% of votes).
19 June 2009substantial holder notice● Neutral
Quicksilver Resources Inc reported a Breitburn Energy Partners LP shareholding of 21,347,972 shares (40.45% of votes) in a periodic institutional filing.
10 June 2009securities registration● Neutral
Breitburn Energy Partners LP registered a securities offering with the SEC using its shelf eligibility.
1 May 2009substantial holder notice● Neutral
Quicksilver Resources Inc reported a Breitburn Energy Partners LP shareholding of 21,347,972 shares (40.45% of votes) in a periodic institutional filing.
30 Apr 2009substantial holder notice● Neutral
* The Baupost Group, L.L.C., * Baupost Value Partners, L.P.-IV, * SAK Corporation, * Seth A. Klarman disclosed a new substantial Breitburn Energy Partners LP shareholding (16.10% of votes).
7 Apr 2009substantial holder notice● Neutral
Quicksilver Resources Inc reported a Breitburn Energy Partners LP shareholding of 21,347,972 shares (40.45% of votes) in a periodic institutional filing.
12 Feb 2009substantial holder notice● Neutral
The Baupost Group, L.L.C. and 2 others reported a Breitburn Energy Partners LP shareholding of 8,157,439 shares (15.50% of votes) in a periodic institutional filing.
23 Dec 2008security holder rights change● Neutral
With the unit price collapsing in the 2008 crash, the board adopted a takeover defence: every unitholder got a right to buy an extra unit at $40 if anyone accumulated 20% or more. A defensive move, not an operational one.
5 Dec 2008securities registration● Neutral
Breitburn Energy Partners LP amended an already-effective registration statement.
29 Oct 2008securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
15 Oct 2008securities registration● Neutral
Breitburn Energy Partners LP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
9 Oct 2008substantial holder notice● Neutral
The Baupost Group, L.L.C. and 2 others disclosed a new substantial Breitburn Energy Partners LP shareholding (11.76% of votes).
18 Sept 2008securities registration● Neutral
Breitburn Energy Partners LP registered a securities offering with the SEC using its shelf eligibility.
2 Sept 2008material agreement● NeutralMajor
The other half of the Provident separation: Breitburn's own senior managers, with Metalmark Capital and Greenhill Capital, bought the California predecessor company BreitBurn Energy Company from Provident. That company became a permanent related party - the same two co-CEOs sat on both sides - governed by a services agreement and a non-compete that split future opportunities between them.
31 July 2008securities registration● Neutral
Breitburn Energy Partners LP filed the final prospectus for a registered offering.
29 July 2008securities registration● Neutral
Breitburn Energy Partners LP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
28 July 2008securities registration● Neutral
Breitburn Energy Partners LP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
18 July 2008securities registration● Neutral
Breitburn Energy Partners LP registered a securities offering with the SEC using its shelf eligibility.
23 June 2008asset acquisition disposition● NeutralMajor
Breitburn bought its own sponsor out: it paid Provident Energy Trust $335 million for 14.4 million of its own units and a further $10 million for 95.55% of the management company that controls its general partner. From here the partnership ran itself rather than being run by a Canadian parent.
