Conference Call Announced: BP Prudhoe Bay Royalty Trust (BPT) Impacted by Falling Crude Oil Prices, According to HITE Hedge Asset Management LLC
HITE Hedge Asset Management LLC to highlight losses in nearly all crude
NEWTON, Mass.–(BUSINESS WIRE)–HITE Hedge Asset Management LLC (HITE Hedge), which has a 13-year track
record in the US energy sector, will be discussing, in a conference call
open to the public, its recent findings regarding the significant losses
that holders of BPT will face under almost all crude price scenarios.
HITE Hedge will also discuss alternative investments open to holders of
BPT that, unlike BPT, will likely deliver positive returns should oil
Conference call details: Monday, June 12, at 11:00 am EDT. Dial in: 1
857-444-0744 Password: 182550.
Questions are welcome, and can be submitted in advance to [email protected].
Get the facts at www.bptfacts.com.
Note that HITE Hedge is currently short BPT and holds put options
related to BPT due to our negative view on the security. We trade
actively and could expand or reduce our position based on valuation.
Forward Looking Statements
This press release contains “forward-looking statements.”
Generally, the words “anticipate,” “believe,” “estimate,” “expect,”
“intend,” “may,” “predict,” “project,” “plan,” and similar expressions
identify forward-looking statements. These forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
to differ materially from any future results, performance, or
achievements expressed or implied by such forward-looking statement. Consequently,
no reliance should be placed on any forward-looking statements contained
herein and the reader should consider any such forward-looking
statements only as HITE Hedge’s current beliefs as of the date of this
press release. Even if these beliefs change because of future
events or circumstances, HITE Hedge declines any obligation to publicly
update or revise any such forward-looking statements.
HITE Hedge Asset Management LLC is registered as an investment
adviser under the Investment Advisers Act of 1940, as amended. This
document shall not constitute an offer to sell or the solicitation of an
offer to buy interests in any of the HITE funds, which may only be made
at the time a qualified offeree receives a Confidential Private
Placement Memorandum describing the offering and related subscription
HITE Hedge Asset Management LLC