zayttrader

Oil Income Stocks Decline to New Price Lows

On Dec 30 11:47 AM aitvaras wrote:

> Pinelli:
>
> This particular Article is a reprint of one originally posted on
> Dec. 5th, 2008. Had you bought 500 shares of LINE on that or the
> subsequent day, you would have made over $1700 or enough to pay for
> Mr. Wulff's advice.

Huh? Wulff was suggesting that LINE investors should "seriously consider switching to other income stocks." IOW, he would have had them sell at $11.20. The stock closed at $14.98 today. That's really bad advice even for Wulff.

For a long time he has been ranting against KMP. Yet, if you had bought it when he was trashing it, you would have outperformed the market and his own recommendations by double-digits. Wulff's problem is that Rich Kinder once humiliated him for being completely ignorant during a conference call.

Oil Income Stocks Decline to New Price Lows

<<<Linn Energy Energy (LINE) has derivative contracts that pay oil and gas prices higher than the current futures prices, but similar hedging has not insulated Encore Energy Partners (ENP), nor PWE, PGH and ERF from steep stock price declines.>>>
LINE is 100% hedged for 4 years. Most of these other names (particularly the Canroys) are only hedged for 1 or 2 years and only at 20%-30%.