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Friday, July 20, 2012

Welcome BreitBurn Energy Partners to the COT Fund

We are proud to announce that we have added BreitBurn Energy Partners [ticker BBEP] to the COT Fund. BreitBurn has picked up some recent analyst upgrades and with a reliable 10.2% dividend we felt it was a good addition to our list of MLP's. BreitBurn adds diversity to the MLP side of our portfolio as it focuses on the western portion of the U.S. yet still has holdings throughout the east.

Todd Johnson wrote on Seeking Alpha this week....Breitburn Energy Partners offers an enticing 10.2% dividend yield to retirees. The upstream master limited partnership (MLP) generates revenues via natural gas and oil production. I would like to highlight 3 reasons why this MLP has its financials in order to pay out reliable dividends. The 10.2% yield can't be ignored by retirees in the world of a 2.61% 30 Year Treasury Bond yield. Click here to read Todds entire article.

In May equities research analysts at Citigroup lifted their price target on shares of Breitburn Energy from $26.00 to $27.00. The analysts wrote, “BBEP announced on 05/10/2012 that it signed two separate purchase agreements to acquire oil and natural gas properties in the Permian Basin for a combined price of $220 million, subject to customary closing conditions. The acquisition is expected to close within 60 days from the date of the announcement and will be funded with the company’s revolving credit facility.”

BBEP has been the subject of a number of other recent research reports. Analysts at Global Hunter Securities initiated coverage on shares of Breitburn Energy in a research note to investors on Tuesday, April 17th. They set a “buy” rating and a $22.00 price target on the stock. Separately, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Breitburn Energy in a research note to investors on Friday, March 30th. Finally, analysts at Deutsche Bank initiated coverage on shares of Breitburn Energy in a research note to investors on Tuesday, February 14th. They set a “hold” rating on the stock.

But just this week has been upgraded by TheStreet Ratings from hold to buy. With The StreetWire saying....The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

BreitBurn Energy Partners is an independent oil and gas limited partnership, focused on the acquisition, exploitation and development of oil and gas properties for the purpose of generating cash flow to make distributions to our unitholders. Our assets consist primarily of producing and non producing crude oil and natural gas reserves located in the Los Angeles Basin in California, the Wind River and Big Horn Basins in central Wyoming, the Powder River Basin in eastern Wyoming, the Evanston and Green River Basins in southwestern Wyoming, the Sunniland Trend in Florida, the Antrim Shale in Michigan, and the New Albany Shale in Indiana and Kentucky.

Historical Dividends
Apr 19, 2012May 3, 2012May 7, 2012May 14, 20120.4550U.S. Currency
Jan 27, 2012Feb 2, 2012Feb 6, 2012Feb 14, 20120.4500U.S. Currency
Oct 28, 2011Nov 7, 2011Nov 9, 2011Nov 14, 20110.4350U.S. Currency
Jul 27, 2011Aug 5, 2011Aug 9, 2011Aug 12, 20110.4225U.S. Currency
Apr 28, 2011May 6, 2011May 10, 2011May 13, 20110.4175U.S. Currency
Jan 31, 2011Feb 4, 2011Feb 8, 2011Feb 11, 20110.4125U.S. Currency
Oct 29, 2010Nov 5, 2010Nov 9, 2010Nov 12, 20100.3900U.S. Currency
Jul 30, 2010Aug 5, 2010Aug 9, 2010Aug 13, 20100.3825U.S. Currency
Apr 28, 2010May 6, 2010May 10, 2010May 14, 20100.3750U.S. Currency
Jan 30, 2009Feb 5, 2009Feb 9, 2009Feb 13, 20090.5200U.S. Currency
Oct 29, 2008Nov 6, 2008Nov 10, 2008Nov 14, 20080.5200U.S. Currency
Aug 1, 2008Aug 7, 2008Aug 11, 2008Aug 14, 20080.5200U.S. Currency
Apr 28, 2008May 7, 2008May 9, 2008May 15, 20080.5000U.S. Currency
Jan 29, 2008Feb 7, 2008Feb 11, 2008Feb 14, 20080.4525U.S. Currency
Nov 1, 2007Nov 7, 2007Nov 12, 2007Nov 14, 20070.4425U.S. Currency
Jul 27, 2007Aug 3, 2007Aug 7, 2007Aug 14, 20070.4225U.S. Currency
Apr 26, 2007May 3, 2007May 7, 2007May 15, 20070.4125U.S. Currency
Jan 22, 2007Feb 1, 2007Feb 5, 2007Feb 14, 20070.3990U.S. Currency

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