Tagged BKEP

Blueknight Energy Announces Rights Offering

(Blueknight has a market cap of $239 mm and an EV of $533 mm; See our last alert on BKEP dated 5/13/11) TULSA, Okla.–(BUSINESS WIRE)– Blueknight Energy Partners, L.P. (“BKEP” or the “Partnership”), a midstream energy company focused on providing integrated services for companies engaged in the production, distribution and marketing of crude oil, asphalt and…

Blueknight Restructures Due to Shareholder Criticism

(Blueknight has been the target of criticism of large shareholders including Swank Capital, MSD and Solus over the past few months – see our earlier posts on BKEP) TULSA, Okla.–(BUSINESS WIRE)–Blueknight Energy Partners, L.P. (Pink Sheets: BKEP) (“BKEP” or the “Partnership”), a midstream energy company focused on providing integrated services for companies engaged in the…

MSD Enters into NDA

(BKEP has a market cap of $293 mm and an EV of $561 mm; MSD is a 16.3% owner) Item 4. Purpose of Transaction. Item 4 of the Schedule 13D is hereby supplemented as follows: “As described in Item 6 below, on April 28, 2011, MSD Torchlight entered into a Non-Disclosure Agreement (the “Second Non-Disclosure Agreement“) with the Partnership and…

“No Way to Treat Current Investors” says Swank

January 27, 2011 James C. DyerBlueknight Energy Partners, G.P., L.L.C.c/o Vitol Inc.1100 Louisiana StreetSuite 5500Houston, TX 77002-5255 Dear Mr. Dyer: We have reviewed your response to our letter dated January 5, 2011, and we remain disappointed that Blueknight Energy Partners, L.P. is unilaterally proceeding with Phase I of the Global Transaction Agreement (“GTA”) in its…

MSD Capital’s Letter to Blueknight Energy

January 24, 2011 James C. Dyer, IVBlueknight Energy Partners G.P., L.L.C.c/o Vitol Inc.1100 Louisiana StreetSuite 5500Houston, TX 77002-5255 Jon M. BiottiCB-Blueknight, LLCc/o Charlesbank Capital Partners200 Clarendon Street, 54th FloorBoston, MA 02116   Dear Mr. Dyer and Mr. Biotti:   We have carefully reviewed the letter of January 18, 2011 that Mr. Dyer sent to Mr….

Solus Sends Follow-Up Letter to Blueknight Energy

(See our earlier posting on BKEP dated January 13, 2011) On January 18, 2011, the Reporting Persons received a written response to the Letter from James C. Dyer, IV, the Chief Executive Officer of the General Partner (the “Issuer’s Response Letter”). In the Issuer’s Response Letter, Mr. Dyer provided some background regarding the Global Transaction…

Solus Sends Letter to BlueKnight Energy

(7.2% ownership disclosed) Also, see MSD Capital’s letters (dated December 16 and December 23, 2010) to BlueKnight here http://oozingalpha.com/tag/bkep/. ============================================================================================================= January 12, 2011 BY ELECTRONIC MAIL AND OVERNIGHT COURIER James C. Dyer, IV Blueknight Energy Partners G.P., L.L.C. c/o Vitol Inc. 1100 Louisiana Street Suite 5500 Houston, TX  77002 jcd@vitol.com   Dear Mr. Dyer: Funds managed by…

MSD Capital Follow-Up on Blueknight Energy

Item 4 of the Schedule 13D is hereby amended and supplemented as follows: “On December 21, 2010, the Reporting Persons received a written response to their letter dated December 16, 2010 from James C. Dyer, IV, the Chief Executive Officer of the General Partner. Mr. Dyer expressed that the General Partner continues to review and…

MSD Capital’s Sends Letter to Blueknight Energy

December 16, 2010 James C. Dyer, IVBlueknight Energy Partners G.P., L.L.C.c/o Vitol Inc.1100 Louisiana StreetSuite 5500Houston, TX 77002-5255 Dear Mr. Dyer: As you know, we own 3,576,944 Limited Partnership units (16.5% of the common units outstanding) of Blueknight Energy Partners, L.P. (“BKEP,” “Blueknight” or the “Partnership”). We have been owners since August 2008, and we…

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