I spoke to IR in a phone call last week. They were clear that there will be no (zip, zero, nada) dividend increase from the BRY deal even after digested. But the deal provides better coverage to continue the current dividend.
Conclusion: Higher price of new BRY deal killed any hope for dividend increase anytime soon.
(I did repeat this from bottom of another thread, because yahoo would not allow separate new topic at that time.)
Never ceases to amaze me how arrogant bozos with closed minds, who were NOT there to hear a both sides of a conversation, can call someone a liar because anyone provides information about a stock they fell in love with. This is the peak of arrogance.
So the BRY deal secures my 10% distribution for the forseeable future...gosh that's a tough pill to swallow. And maybe the share price will increase too with the intermediate term future moe visible......yep, a terrible investment. Better to buy those ultra safe 10 year treasuries....don't ya think?
Forward guidance is something most companies do now by setting the bar low.
I would expect Linn is just covering their selves.
Its either those bums promised and did not deliver or man they surprised me with an increase in thedividend..