Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Solus Alternative Asset Management Bought More $BKEP

Christopher Pucillo’s Solus Alternative Asset Management filed on November 21st for its 9.99% passive stake in Blueknight Energy Partners (BKEP). According to the SEC 13G filing, Solus Alternative Asset Management now has 2.50 million shares in BKEP, which is a 60% increase. Solus Alternative Asset Management previously reported 1.57 million BKEP shares and did not make change to its position during the third quarter. BKEP performed well for most of the time in 2011 even when the European debt crisis deteriorated in August. But the stock plunged hard in late September due to the settlement of its consolidated securities class action litigation. Now the stock has lost 14% and is trading at about $6.64.

Solus Alternative Asset Management L.P. is a private hedge fund located in New York City, New York. The firm provides services to pooled investment vehicles. The firm invests in leveraged loans, high-yield bonds, and distressed securities in the public equity and alternative markets. The firm reported a portfolio value of $1.62 billion in the second quarter and $906 million in the third quarter.

Blueknight Energy Partners provides integrated terminalling, storage, processing, gathering, and transportation services in the United States. The company primarily targets for companies engaged in the production, distribution and marketing of crude oil and asphalt products. The company offers crude oil terminalling, storage, pipeline, trucking, and producer field services. The company was formerly known as SemGroup Energy Partners, L.P. The company is based in Tulsa, Oklahoma.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!