Breitburn Energy Partners LP (OTC Pink: BBEPQ) is an independent oil & gas limited partnership and focuses on development and production of energy sources. Shares of the energy company are diving 18.12%, through early trading on Thursday, March 9, 2017. Over the past month, Breitburn Energy Partners LP has seen average daily volume of 935,356 shares. However, volume of 1.88 million shares or dollar volume of $212,440, has already exchanged hands on Thursday.
Shares of Breitburn Energy Partners LP are diving today, after the company announced that individual shareholder tax returns are now available online and will be mailed out shortly. The press release is rather unusual, as companies not normally release press releases when individual shareholder tax documents are available. Usually, the company just mails these documents out or privately notifies shareholders via mail or email. Here is the full press release detailing of the tax forms:
Breitburn Energy Partners LP Press Release:
LOS ANGELES–(BUSINESS WIRE)–Breitburn Energy Partners LP announced today that it began mailing Breitburn’s 2016 Individual Tax Reporting Packages, including Schedule K-1s, and it expects to complete mailing the Tax Reporting Packages by March 13, 2017. The Tax Reporting Packages are also available for download from Breitburn’s website at www.taxpackagesupport.com/breitburn. Unitholders who choose electronic (paperless) delivery of their Individual Tax Reporting Packages should visit Breitburn’s website and log-on to download their Tax Reporting Packages. Tax Reporting Packages are available for Breitburn’s Common Units (BBEPQ) and Breitburn’s Series A Cumulative Redeemable Perpetual Preferred Units (BBPPQ).
For additional information, unitholders may call the K-1 Tax Package Support Line toll free at (800) 559-4966.
About Breitburn Energy Partners LP
Breitburn Energy Partners LP is an independent oil and gas master limited partnership focused on the development and production of oil and gas properties throughout the United States. Breitburn’s producing and non-producing crude oil and natural gas reserves are located in the Permian Basin; the Midwest; Ark-La-Tex; the Mid-Continent; the Rockies; California; and the Southeast. On May 15, 2016, Breitburn Energy Partners LP and certain of its affiliates voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code to facilitate the restructuring of its balance sheet. See www.breitburn.com/restructuring for more information, including Breitburn’s 10-K filed on March 8, 2017.