Re: BBEP, oversold?
BBEP's financials are a bit opaque but from page 49 of their yearly report, 'Result of Operations' graph, it looks like 63% of their revenue is from oil and NGLs and 37% is from natural gas. For 2011 they got $6.58 per Mcf for their natural gas inclusive of hedges and $4.18 exclusive of hedges.
BBEP has been on my watch list for a while as a possibly better recovery play than NRGY, but BBEP's big problem is one of future growth prospects. Even if they can maintain the current 10%+ distribution they might not be a better bet than some of the higher-growth/lower-yield MLPs. I think NRGY might have an edge here in terms of being able to grow in the future. Neither NRGY nor BBEP are going to be able to grow as quickly as e.g. MWE.