The publicly traded shares of Breitburn Energy Partners - at one point expected to be worth virtually nothing after Breitburn filed for bankruptcy in May - closed at 40 cents today. That’s up 65% compared to yesterday’s close on the over-the-counter markets under Breitburn’s BBEPQ ticker and a full 600% increase in the last month.
The Equity Committee Trend: When Shareholders of a Bankrupt Company Hope to Get More Than Nothing
Forbes - 14 Oct 2016 22:38
The publicly traded shares of Breitburn Energy Partners - at one point expected to be worth virtually nothing after Breitburn filed for bankruptcy in May - closed at 40 cents today. That’s up 65% compared to yesterday’s close on the over-the-counter markets under Breitburn’s BBEPQ ticker and a full 600% increase in the last month.
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