This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

BreitBurn Energy Partners CFO, Vanguard Natural Resources CEO And EV Energy Partners COO Present At RBC Capital Markets MLP Conference - Conference Call Transcript

EV Energy Partners, L.P. (EVEP)

RBC Capital Markets Conference Call

November 17, 2011 5:00 PM ET

Executives

James G. Jackson – Executive VP and CFO – Breitburn Energy Partners L.P

Mark Houser – President & COO – EV Energy Partners, L.P.

Mark Castiglione - Vice President of Business Development – QR Energy, L.P

Scott Smith – President and CEO - Vanguard Natural Resources, LLC

Presentation

Moderator

Alright. I think we are at our last of the day. So this stands between us and happy hour. So we’ll try to get things moving here and we’ve got a good panel here, our first look now at the upstream MLPs. We’ve Jim Jackson from Breitburn Energy Partners; Mark Houser, President, Chief Operating Officer from EV Energy Partners; Mark Castiglione from QR Energy; and Scott Smith, from Vanguard Natural Resources.

So I’ll let Jim kick things off with Breitburn.

James G. Jackson – Executive VP and CFO – Breitburn Energy Partners L.P

Good afternoon, everyone hear me okay? All right. I appreciate everyone being here. TJ, thanks for hosting us and thanks for giving us a few minutes to talk about Breitburn. Under TJ’s direction he asked me to keep this brief. So let me get started by skipping that.

Quick overview of Breitburn. I won’t go through all these slides in detail, but Breitburn, like the other participants in the panel, is an upstream E&P MLP. Breitburn was actually started over 20 years by Hal Washburn and Randy Breitenbach. We subsequently took part of the business public in the E&P MLP format in the fall of 2006 and have grown pretty substantially since then. Originally we were all oil. Today we’re about 60% natural gas in terms of production, 40% oil. Those splits vary up and down as you can imagine based on our acquisition activity level, which has been pretty significant the last few years. We currently have right around 160 million Boe in Reserves, and that’s 71% natural gas, 29% oil. 83% of that’s proved developed consistent with the E&P MLP model. Our equity market cap is right around $1.1 billion and our total enterprise value is just under $2 billion.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,640.66 -135.46 -0.76%
S&P 500 2,055.90 -11.99 -0.58%
NASDAQ 4,864.6240 -36.2610 -0.74%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs