If Saudi cuts back, US frackers will jump back in. And Opec members have a history of cheating. Linn is in a no-win situation.
It will NOT open on Monday---- President's Day Holiday. But a 3 day Holiday would be a great time to cut a deal. Shorts would have one extra day to stew in their own sauce.
ULTIMATE STOCK ALERTS is one of the best enewsletters I have ever seen. (Google them). They have
had a string of winners and I have already added 30% to my trading account following them for
a few months.
made a ton of money on etrade. was buying as citadel was shorting and dumping but kept buying and went to 25 bucks a share when I dumped. seems to be the same thing going on here!IMHO
Now that Saudi is going to cut production on yahoo finance today hope Linn can hang in there. Google SEC.gov and read CHPT 11 bk rules , there still may be a chance. I would not sell because I am on record of buying back in 2012 and am losing more than anybody else that I have read. They may resurface as a c-corp with offering 1 share per 20 shares etc. owned
Oh toadie, toadie, toadie, don't hammer on Citadel, okay? Kenny doesn't like greasy oily stuff. He likes to scoop up financial stuff and pick on brokerage stocks.
marco the super genius : - ))))) Y'all didn't learn yer lesson on E-Tub, huh?
"all they have to do is sit back and wait oil will rise and they will own most of the company"
That theory hasn't worked very well so far.
You can say "some day" all you like, but if you can't put a time frame on it, it's worthless.
sure they have been buying up shares at 20 cents . all they have to do is sit back and wait oil will rise and they will own most of the company. maybe to be to fail wells Fargo doesn't want to take the hit. why the silent treatment then?