Seeking Alpha

Leonard the Monkey's  Instablog

Leonard the Monkey
Send Message
LeonardTheMonkey.com (http://www.LeonardTheMonkey.com) is my personal trading blog where I post investment ideas, advice, interact with a great community of traders and have a good time doing it. I've been investing full-time since 2001, have managed a great track record and hope to help other... More
My blog:
Leonard The Monkey
  • How many times: LINE vs. VNR 0 comments
    Apr 16, 2010 12:20 AM | about stocks: LINE, VNR



    Look – how many times do I have to call this out?

    Listen to the last investor presentation and you’ll see they even call this trade out to you.

    As long as nat. gas prices stay in the tank you have the ultimate win. Oil price blowing through $100 would the worth paying attention to given the lack of sufficient hedging by VNR but yet there are so many ways to gain upside through LINE with the horizontal drilling programs – the superior hedges in place – the massive recent acquisitions – the inevitable coming secondary from VNR for an acquisition – the distribution mismatch – the fact that VNR has very limited rights to gas/liquids found – Nami is selling shares – I could go on and on all day…

    The market’s stretched position – the fact vnr is up for the next secondary announcement – the current market dislocation – the fact vnr said their upped capex will hinder their ability to raise the dist. next qtr. and that LINE just made a big, immediately acreative acquisition all play in favor of this trade working in a big way in the short/intermediate term.

    The mlp arbitrageur hard at work – once again.



    Disclosure: Long LINE, Short VNR
    Stocks: LINE, VNR
Back To Leonard the Monkey's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.