Fly News Breaks for March 10, 2015
BBEP
Mar 10, 2015 | 07:50 EDT
Oppenheimer downgraded Breitburn Energy to Underperform to reflect higher LOE and weak coverage. The firm expects coverage to deteriorate further in 2016 assuming $60 oil and sees leverage as a problem and could find itself overdrawn after the April redemption, resulting in expensive second lien financing.
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