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Aidikoff, Uhl & Bakhtiari Announces Investigation of Breitburn Energy and other Energy Related Master Limited Partnerships

Aidikoff, Uhl & Bakhtiari is investigating investor losses in oil and gas companies including Los Angeles-based Breitburn Energy Partners (“Breitburn”). On May 15, 2016, Breitburn filed for Chapter 11 bankruptcy protection, citing a continued decline in oil prices which have eroded its balance sheet. Financial service or brokerage firms that recommended the purchase of Breitburn […]

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Breitburn Energy Partners LP filed for Chapter 11 Bankruptcy Protection

Oil and gas company Breitburn Energy Partners LP has filed for Chapter 11 bankruptcy protection, citing continued declines in oil prices which have eroded its balance sheet. Los Angeles-based Breitburn (Nasdaq: BBEP) said it expects to continue its operations without interruption, with cash from its operations, cash on hand, and a $75 million debtor-in-possession financing facility […]

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Energy Master Limited Partnerships (MLPs) – What Your Financial Advisor Never Told You

One of the hottest investment products being pitched by Wall Street, in the low interest environment that has persisted over the past few years, has been Energy Master Limited Partnerships (“MLPs”) – an investment product with above average yields and, all too often, above average commissions for the financial advisors who have touted them. Unfortunately, […]

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Will Energy Master Limited Partnerships (MLPs) Decimate Unsuspecting Investors?

Recent statistics indicate that there are over 110 MLPs trading on major exchanges, with oil & gas midstream activities – gathering, processing, natural gas compression, pipelines, storage, refining, distribution, and marketing – representing the dominant activity. The latest U.S. Securities & Exchange Commission filings by a number of Energy Master Limited Partnerships (“MLPs”), however, provide […]

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Energy Master Limited Partnerships – Investors May be the Ones Getting Drilled

As noted in an April 1, 2016 article in The Wall Street Journal (“MLP Investors’ Maze of Tax Trouble Keeps Getting Worse”), investors are learning the hard way that energy MLPs, set up to shield companies from Uncle Sam, could have unexpected tax consequences when times get tough. It is yet another sign investors didn’t […]

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