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2PP

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  • Linn Energy: A Very Disappointing Quarter [View article]
    I also sold Genesis Energy for a nice chunk, but I'll deal with it. It's why I sold out of the MLP's and bought LNCO.
    Feb 28, 2014. 09:57 AM | 2 Likes Like |Link to Comment
  • Linn Energy: A Very Disappointing Quarter [View article]
    I'm not disappointed with LINE in any way, I bought this stock for the dividend but along the way I made a nice return. I cost averaged down to $27 last year and sold out in early February in the low $34's. So I collected the dividend for almost a year and sold at a $9200 profit. I have now sunk all that money back into LNCO. Wash, rinse, repeat. I know it's small potatoes, but I'm not rich.
    Feb 28, 2014. 09:53 AM | 4 Likes Like |Link to Comment
  • Linn Energy Earnings Call Notes And Comments [View article]
    I have read investors question/complain about the flat 2014 distribution since Linn telegraphed an increased distribution after the Berry merger was completed. I for one will settle for $0.246 (9.20% yield) a share paid every month as long as they use the extra cash to continue and grow the company.
    Feb 27, 2014. 03:31 PM | 21 Likes Like |Link to Comment
  • Linn Energy -5.6% on Q4 earnings, analyst downgrade [View news story]
    They stated an excess of net cash in Q4 of $31.5m, above the $171m distributed. It figures to be around an 18.5% overage, which is misleading because most of this will be spent on expenses due to the 93m new shares of LNCO issued to the Berry shareholders. They're projecting 961m in distribution for 2014, with a low estimate of a 12m overage because of a "robust" acquisition environment. Since the Berry merger didn't finalize until the second to the last week of 2013, there was no mention of whether the deal was accretive in Q4.
    Feb 27, 2014. 02:42 PM | Likes Like |Link to Comment
  • Linn Energy -5.6% on Q4 earnings, analyst downgrade [View news story]
    After listening to the conference call, not one major investor questioned the quarters outcome. It's all about what are we doing this quarter. This company is a cash machine and will have a great 2014. Several of the largest shareholders mentioned adding to their positions today and to give this company a downgrade looks like a blatant attempt to drive the stock price down. Thank you for that. I'm long LNCO.
    Feb 27, 2014. 01:53 PM | 5 Likes Like |Link to Comment
  • Indonesia's mining exports at standstill after new rules, official says [View news story]
    Just like Barrick in Argentina and Newmont in Peru, once a company sinks a big chuck of money in a project the host country thinks they can rewrite the rulebook. It would teach them a lesson if both NEM and FCX stop mining and let the locals fight it out with the government.
    Jan 26, 2014. 08:56 AM | 1 Like Like |Link to Comment
  • Linn Energy +3.3% on Raymond James upgrade, LinnCo +4% [View news story]
    I have positions in both LINE and LNCO and at one point was down $4k on LINE. Everything is looking better now and I'm glad I held on to it. I bought LNCO recently for my IRA with the intent of selling LINE once the merger went through, now I'm getting used to the 10% dividend and am leaning toward keeping both. How could I possibly sell a stock that puts $2k in dividends a year in my IRA.
    Dec 19, 2013. 08:30 PM | 3 Likes Like |Link to Comment
  • FDA Could Send Lorillard Shares Up In Smoke [View article]
    I can't imagine this happening anytime soon. There are so many police agencies against the ban because of the amount of illegal smuggling a ban would cause.
    Nov 1, 2013. 04:52 PM | 1 Like Like |Link to Comment
  • Problems at the Pascua-Lama mine were already factored into Barrick Gold’s (ABX -2%) share price, and the slide after today's construction halt should be considered short-term, Gold Newsletter's Brien Lundin says. The $16M fine imposed by Chile is "immaterial" when contrasted to the $8.5B currently allocated to the project, Cowen analysts say. [View news story]
    The fine amounts to about 1.6 cents per share, so no harm done. I put in a limit order @15$ just in case the news was something other than what was already public. This is actually great news for ABX, at least there is now a path forward to complete the project instead of just pulling out and losing the 4.5B already invested.
    May 25, 2013. 05:30 AM | Likes Like |Link to Comment
  • Chesapeake Energy (CHK) says Aubrey McClendon will retire as CEO effective April 1. The CHK board says its extensive review of alleged conflicts of interest and other matters involving McClendon has thus far found no improper conduct; a final report will be completed in mid-February. CHK +10.6% AH. [View news story]
    I wish I would have known this today.......oh wait....that would be inside.....nevermind.
    Jan 30, 2013. 05:02 AM | Likes Like |Link to Comment
  • Faced with increasing problems from garbage piling up in Seattle due to a week-old truck drivers' strike, plus the looming threat of fines, Waste Management (WM -0.2%) has decided to play hardball and begin hiring permanent replacement drivers, as well as temporarily expand its collection efforts to clean up the mess. Union workers walked off the job on July 25 and still haven't talked. The strike has affected hundreds of thousands of residents in the Puget Sound region of Washington.  [View news story]
    Once the union strikers see the WM trucks rolling again and they are not the ones driving them, they will cave very quickly. With the economy so tough and jobs so scarce, it was a stupid move for the union to pull their drivers. The worker loses his job and the union rep keeps getting paid.
    Aug 1, 2012. 04:27 PM | 5 Likes Like |Link to Comment
  • President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports.  [View news story]
    What state are you talking about?
    Mar 18, 2012. 06:19 AM | Likes Like |Link to Comment
  • President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports.  [View news story]
    The administration is counting on this happening, the rigs leave the US waters and drill under contract for a year or more. The drilling permits will be issued and guess what? No rigs available. The government is doing all it call to kill drilling without an outright ban. Drilling permits are like getting a gun permit in DC, what would take a month and cost $40 in Utah costs $500 or more in DC plus training, gun registration, ammo and several days off work. Just because you legally can, doesn't really mean you can.
    Mar 18, 2012. 06:19 AM | 1 Like Like |Link to Comment
  • President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports.  [View news story]
    Benzine has always been in gasoline. Benzine is a byproduct of charging crude oil as is butane, kerosene, Naptha, isobutane and gasoline. The hotter that crude is heated(charged) it separates into smaller hydrocarbons and every unit in a refinery is designed to remove every different type of fuel from crude oil. The lowest and last product is asphalt. The reason most old refineries have been moved to warm weather states is because it takes an enormous amount of energy to heat crude into refined product and a cold weather state works against the process at least 5 months a year. Now the EPA is punishing the oil companies even though they pay more in taxes than any other set of companies in the US economy, they are just an easy target because there is so much money involved.
    Mar 16, 2012. 10:16 PM | 6 Likes Like |Link to Comment
  • President Obama's anti-drilling argument uses false statistics, argues CNBC's Larry Kudlow. The president argues that America uses over 20% of the world’s oil, but has only 2% of the world’s known oil reserves. Patently untrue, says Kudlow. The U.S. has 1.4T barrels of recoverable oil, which is enough to meet all U.S. oil needs for about the next 200 years, without any imports.  [View news story]
    Have you ever heard of the EPA? The EPA is forcing these older refineries to retrofit the gasoline units to reduce benzine in gasoline to 2015 standards when they were built to 1970 standards. It is not cost efficient to renovate one unit of a refinery to meet current standards when everything else is to 1970 standards. Who loses? The local gasoline buyer, gas has to be trucked in from somewhere, usually the Texas gulf coast.
    Mar 16, 2012. 09:15 PM | 4 Likes Like |Link to Comment
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