Breitburn Energy Partners (BBEP) Will Suspend Common Units Distribution

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Breitburn Energy Partners (BBEP) Suspends Quarterly Distribution; UBS Cuts Price Target to $1.50

December 2, 2015 8:14 AM EST

UBS maintained a Sell rating on BreitBurn Energy Partners (NASDAQ: BBEP), and cut the price target to $1.50 (from $2.25), as the company has elected to suspend its $0.125/unit quarterly distribution due to continued uncertainty in the outlook for commodity prices. Management intends to reallocate... More