Greg Pinelli

Barron's Finds a Win in Linn

Correct einstein...in many cases management (especially at LINE) has tied their entire future to the company and selling stock options is simply a way to pay some bills and move on.
LINE is especially well managed..ALL OF US LONGER TERN HOLDERS HAVE HAD LOSSES...I bought a great deal more at 11.00 and 12.00 a share and believe that it will be one of the truly remarkable stories of 2009.....


On Dec 29 07:39 PM einstein p fleet wrote:

> I've owned LINE for a while, trading it for a while and picking up
> a position around 11. If and when it goes to 22, I'll sell half
> the position.
>
> Management sold some stock, which was nothing out of the norm, and
> made some negative remarks,which sent the stock down to a very attractive
> level. The comment was directed more at the industry as a whole
> than it was to the company. The company is well hedged for 2009
> and 2010, which leads me to believe that the Barron's article was
> correct in assuming the dividend is safe.
>
> I still believe that oil is spring loaded to go much higher over
> the next six months. The current price is simply not sustainable.
> Any geo-political event or series of events will certainly drive
> the price higher. Just look at the reaction to the Israel and Palestine
> ---- and neither country produces a drop of oil. If the region destabilizes,
> however, oil will soar. Seems doubtful that oil prices can remain
> at these levels for six more months, let alone two more years ---
> so this stock looks like a winner to me.
>
> The "pundits" predicting 25 dollar a barrel oil should pull their
> heads out of their butts. Too dangerous in this environment and
> impossible to sustain.
>