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 prices rise.
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 firstname.lastname@example.org.
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 agreement.