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GFHughes

GFHughes
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  • Weakness in Linn Energy (LINE) and LinnCo (LNCO) is caused by talk that LNCO could realize a large tax liability in 2016, Wells Fargo says, though the firm thinks the speculation isn't accurate. Wells blames the widened spread between LINE and LNCO on rising short interest in LINE, which is easier to short. It keeps Outperform ratings on both, seeing the Q3 closing of the Berry Petroleum (BRY) merger as a catalyst. [View news story]
    I agree with Ed; I hold a major position in both,
    getting 10.5% tax-deferred dividends.

    The only reason I would hesitate to buy more at these lower prices is simple diversification from too much concentration in energy holdings.
    Jun 15 09:32 AM | 4 Likes Like |Link to Comment
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