BreitBurn Energy Partners, L.P. (BBEP) Posts Q2 Loss of 89c/Share

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Raymond James Downgrades BreitBurn Energy Partners (BBEP) to Market Perform (Earlier)

July 25, 2014 10:28 AM EDT

Raymond James downgraded BreitBurn Energy Partners (NASDAQ: BBEP) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on BreitBurn Energy Partners click here. For more ratings news on BreitBurn Energy Partners click here.

Shares of BreitBurn Energy Partners closed at $22.23 yesterday.

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BreitBurn Energy Partners (BBEP) to Acquire QR Energy (QRE) in $3B Deal

July 24, 2014 6:34 AM EDT

BreitBurn Energy Partners, L.P. (NASDAQ: BBEP) and QR Energy, LP (NYSE: QRE) announced the signing of a definitive merger agreement pursuant to which Breitburn will acquire QR Energy in a unit-for-unit exchange implying a transaction value of approximately $3.0 billion, including QR Energys existing net debt and outstanding Class C Convertible Preferred Units.

As a result of the merger, Breitburn will become the largest, oil-weighted upstream oil and gas master limited partnership with a pro forma enterprise value of approximately $7.8 billion and current average daily production of approximately... More