BreitBurn Energy Partners L.P. (NASDAQ:BBEP)
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An independent oil and gas partnership focused on the acquisition, exploitation and development of oil and gas properties.
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An independent oil and gas partnership focused on the acquisition, exploitation and development of oil and gas properties.
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Taking everything together, the company has enough reserves to secure its current distribution of more than 9% for years to come. The company also has a nice inventory of future organic growth projects as well as the financial flexibly to continue to acquire additional reserves. This has given management the confidence to target a 5% annual distribution increase. When you add it all up, BreitBurn has the solid foundation you want as an income seeking investor.