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das555

das555
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  • Pembina Pipeline Corporation (PBA) declares $0.135/share Monthly dividend, in line with previous. Forward yield 5.02 % For shareholders of record July 25. Payable August 15. Ex-div date July 23. (PR[View news story]
    Monthly dividend - yield 5.01% at current price
    Jul 11 03:11 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]
    If so, then anticipation of this type of "news flash" would have been nice and perhaps mentioned in the merger update. Plays right into the shorts hands - and was probably anticipated by them as the short attack started yesterday and continues. Such excellent timing again argues against coincidence.
    Jun 28 10:21 AM | Likes 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]
    Hopefully untrue. If accurate then very poorly handled by all companies.
    If inaccurate then terrible reporting by SA.
    Fire around a powder keg....
    Jun 28 09:54 AM | 4 Likes Like |Link to Comment
  • Has Linn Energy Finally Bottomed? [View article]
    Generally pros don't trade with stops - they are watching their positions at all times and making a judgement as to whether a downdraft in price is justified or not and then trade accordingly. Stops are for less attentive investors and simply lock in a loss whether the price drop is justified or not. Recall the "flash crash" which burned many individual investors in the transient unjustified price drop with return to usual prices a few hours later and only ashes for those stopped out. Short sellers also are quite aware of somnolent investors with their dormant stops and accordingly, judge they may be able to start the avalanche with a small push that activates the stops. It should also be noted that a stop will not guarantee a given price - the stop simply orders that the equity be sold below a given price which in a severe downdraft (such as the "flash crash") may be well below the stop price. Use stops with care and better yet, stay closely tuned in.
    Jun 18 05:25 PM | 18 Likes Like |Link to Comment
  • Linn Energy (LINE -3.4%) and LinnCo (LNCO -4.3%) trade lower following a weekend Barron's article discussing that LINE's distributable cash flow may be overstated and concerns over the pending merger with Berry Petroleum (BRY -2.4%). Barron's long-held view is that LINE's accounting is aggressive because the company wants to recognize the financial benefits of the puts but not the costs. (earlier[View news story]
    Shorts trying to induce a lemming run sale over the cliff and thus possibly block the Berry merger leading to further downside and more success for their financial manipulations. Very difficult to respect their chicanery.
    If the shorts are successful in blocking the merger they will walk away with their blood money and Linn will be ill for a while. One can only hope that the Berry holders see this market price lowering for the financial manipulation that it is and that once the merger is completed, the dividend increases, and the shorts pull out that the stock prices of LINE/LNCO will quickly rebound.
    Jun 18 12:15 PM | 4 Likes Like |Link to Comment
  • Linn Energy (LINE -3.4%) and LinnCo (LNCO -4.3%) trade lower following a weekend Barron's article discussing that LINE's distributable cash flow may be overstated and concerns over the pending merger with Berry Petroleum (BRY -2.4%). Barron's long-held view is that LINE's accounting is aggressive because the company wants to recognize the financial benefits of the puts but not the costs. (earlier[View news story]
    Remember - it's just money....
    Jun 18 11:31 AM | Likes Like |Link to Comment
  • Linn Energy (LINE -3.4%) and LinnCo (LNCO -4.3%) trade lower following a weekend Barron's article discussing that LINE's distributable cash flow may be overstated and concerns over the pending merger with Berry Petroleum (BRY -2.4%). Barron's long-held view is that LINE's accounting is aggressive because the company wants to recognize the financial benefits of the puts but not the costs. (earlier[View news story]
    Subscriptions to Elliott Gue and Roger Conrad's new Energy and Income Report, as well as MLP profits provide a positive and professional view of the financials - both rate LINE/LNCO Buy despite the short attacks. Insider buying at high levels also suggests solidity.
    Lots of uninformed amateur analysis out there - make your best informed decision...
    Jun 18 11:19 AM | 1 Like Like |Link to Comment
  • Linn Energy (LINE -3.4%) and LinnCo (LNCO -4.3%) trade lower following a weekend Barron's article discussing that LINE's distributable cash flow may be overstated and concerns over the pending merger with Berry Petroleum (BRY -2.4%). Barron's long-held view is that LINE's accounting is aggressive because the company wants to recognize the financial benefits of the puts but not the costs. (earlier[View news story]
    Have to trust management - same worries 5 years ago. If you have a better place to invest then go there.
    Jun 18 11:07 AM | Likes Like |Link to Comment
  • Step Up To UTF [View instapost]
    Thank you.
    Jun 12 03:17 PM | Likes Like |Link to Comment
  • Today's volatility in Linn Energy (LINE -2.3%) and LinnCo (LNCO -2.3%) apparently is traced to a notice of effectiveness from the SEC over the proposed takeover of Berry Petroleum (BRY -2.4%). RBC analyst John Ragozzino says he has a "high degree" of conviction the deal still will close, though it could be delayed to mid-July. [View news story]
    Ragozzino also noted: "The worst case outcome, however, is that the deal will be delayed until around mid-July, versus the initial target date of July 1, the analyst contended. Ragozzino believes that Linn's decline today is unwarranted, and that the decline has created an attractive buying opportunity".
    May 31 02:46 PM | 2 Likes Like |Link to Comment
  • Renewed worries over cash flow? MLP liquidation pressure? There's no apparent news behind today's weakness in Linn Energy (LINE -3.5%), LinnCo (LNCO -3.7%) and Berry Petroleum (BRY -2.8%). LINE and LNCO plan to acquire BRY for $4.3B, the first-ever acquisition of a public C-Corp by an upstream LLC or MLP. [View news story]
    RBC Capital analyst that posted the SEC comments also posted: "The worst case outcome, however, is that the deal will be delayed until around mid-July, versus the initial target date of July 1, the analyst contended. Ragozzino believes that Linn's decline today is unwarranted, and that the decline has created an attractive buying opportunity." I agree.
    May 31 02:41 PM | 2 Likes Like |Link to Comment
  • Renewed worries over cash flow? MLP liquidation pressure? There's no apparent news behind today's weakness in Linn Energy (LINE -3.5%), LinnCo (LNCO -3.7%) and Berry Petroleum (BRY -2.8%). LINE and LNCO plan to acquire BRY for $4.3B, the first-ever acquisition of a public C-Corp by an upstream LLC or MLP. [View news story]
    Occurring in a setting of a seemingly cyclic MLP sell off though exaggerated with LINE. Higher interest rates on government bonds are thought to be pressuring yield stocks as well and with recent institutional ownership of MLPs there will be more myopic volatility.
    For me, a buying opportunity to secure a decent yield which my research suggests is relatively safe.
    May 31 01:07 PM | 3 Likes Like |Link to Comment
  • Use Linn Energy To Build Income Now [View article]
    Keeping the MLP until it becomes part of your estate is the best option as the value resets and no tax is owed by your inheritors if sold immediately. However, even if sold by you, postponing taxation also has the advantage of capturing the "time value" of money which is not insignificant.
    As there seems always to be a fair amount of confusion regarding MLP taxation principles I suggest a visit to the National Association of Publicly Traded Partnerships http://bit.ly/yb1qPX.
    And of course there is LNCO for those allergic to complexity...
    May 19 12:02 PM | Likes Like |Link to Comment
  • Use Linn Energy To Build Income Now [View article]
    There is no risk free lunch anywhere. Pipelines will eventually be built to equal capacity and these companies will then need to struggle to grow. E & P companies will continue to acquire/find assets and develop them to sustain their growth just as McDonald's will develop new menus and GE will improve their jet engines to stay competitive. Life and the market as a reflection is striving amid competition, accompanied by risk, with those who plan and execute best most often winning. So far the management of LINE has planned and executed quite well.
    May 18 04:17 PM | Likes Like |Link to Comment
  • Use Linn Energy To Build Income Now [View article]
    As is usually the case it condenses to the matter of whom do you trust? I choose LINE management with recognized external supporting experts such as Elliott Gue http://seekingalpha.co.... Pays your money and takes your choice...
    May 17 04:35 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
182 Comments
416 Likes