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Linn Co, LLC Message Board

  • vjpj1110 vjpj1110 Dec 18, 2013 10:14 AM Flag

    Pressure on LNCO

    Why does LNCO continue to have more pressure on it than LINE? Other than the fact that I swapped out of Line into LNCO yesterday... ;-(

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The Ex-Bry shareholders who didn't want the merger are selling. Remember, LNCO shares were exchanged in the deal, not LINE. Throw in the hedge funds who keep shorting and it's going to take an analyst upgrade to turn the tide.

    • Sometimes the market makes no sense. The sudden vastly increased number of LNCO shares might explain the divergence from LINE, even though LNCO shares represent LINE share backing. Obviously, some new LNCO holders from BRY are dumping. It will take some time to return to the 'norm'. Meanwhile, long term investor/buyers are getting a great deal on LNCO shares at this juncture.

      • 2 Replies to winmore_98
      • I also sold all my LINE yesterday. I'm waiting for an entry point into LNCO, sometime after the FED news conference today. I'm very hopeful now, especially after reading the Moodys' upgrade on credit.

      • I agree with you and used this opportunity to buy LNCO. Been tracking since July when I did not get filled at 25 and then just never pulled the trigger. If you would have told me then that after the SEC investigation, merger completion, and now the Moody's upgrade that I could buy this stock for only 10 pecent higher, I would not have believed it. I can think of no other stock that has been under such scrutiny from the government, hedge funds, individual investors, etc. and has executed on every initiative. All while improving their operational results. Sold my DVN and DNR a couple weeks ago and been wanting to find the right Upstream. I think LNCO/LINE is a winner and I will collect my 10 percent until the market realizes this company is sooo much better now than in February 2013, when it traded at 40. GLTA LONGS! Ken

 
LNCO
11.26-0.93(-7.63%)Dec 18 4:00 PMEST

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