einstein p fleet

Barron's Finds a Win in Linn

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.