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  • Linn Energy: Not A Ponzi Scheme; Not Even 'Ponzi-Like' [View article]
    This is by far the best explanation of the current situation on the short's thesis vs. real world reality. I've been trying to explain it similarly to friends, family and fellow investors for a solid month - now I can just direct them to this easily understood article. Great work!
    Jul 14, 2013. 09:29 PM | 24 Likes Like |Link to Comment
  • Why Linn Energy Is Not A Ponzi-Like Scheme [View article]
    Very good points - A couple hours ago, I stumbled across Kostohryz's article bashing Linn and MLP's in general as "Ponzi-Like". I disagreed with almost every single point in the article, and told myself I would write a rebuttal article this evening. Now I don't have to, so thanks!

    It's always funny how those unfamiliar with MLP's or the Oil & Gas business in general are quick to make HUGE accusations, absent the facts. And it's been happening quite a bit lately.

    But I have noticed one commonality between all the MLP bashers - They all have vested interests in destroying the price of the stock in question (i.g. Shorts, puts, etc...). And with most MLP's being largely retail owned, made up of rather skittish mom & pop retirees seeking the high dividends - they're extremely easy targets for shorts looking to instill fear with accounting/ponzi-schem... accusations. What retiree wants to stay in the middle of a bull-bear fight, and hope for the best? Not very many...

    But great article, and thanks for beating me to the punch.
    Jul 9, 2013. 08:33 PM | 8 Likes Like |Link to Comment
  • Linn Energy (LINE): Buy Puts For Potential Berry Collapse [View instapost]
    You're a little late on this post. The record date was cancelled and postponed due to the intial merger delay back in May. Anyone buying OCT 26 Puts will be left holding the bag bigtime.;LINE;LNCOid1852541/BR...
    Jun 28, 2013. 05:53 PM | 1 Like Like |Link to Comment
  • Berry Petroleum (BRY) has cancelled the shareholder vote regarding the merger with Linn Energy (LINE) and LinnCO (LNCO). BRY -1.3% premarket. There's little action in either LINE or LNCO, but both tanked into the close yesterday. [View news story]
    This is all they are basing it on:

    It's just a proxy meeting notice that only says "cancelled" by Berry. Now, are they referring to the original "July 1" shareholder voting that they are cancelling, or are they referring to backing out of the deal altogether.

    One thing I can't imagine is Berry Petro straight up lying to Leon Cooperman, and they told him recently they were "very committed to the deal".

    We will see.... But for now, the shorts are capitalizing on it.
    Jun 28, 2013. 12:24 PM | Likes Like |Link to Comment