I switched my LINE for LNCO when the discount got to over $1, thinking it was temporary and an opportunity (as LNCO had sold at a premium in the past). The discount shrank, then disappeared, briefly LNCO even went to slight premium. But today the discount is widening again. Still seems to me at some point the selling of LNCO by BRY shareholders should dry up and the relationship should return to "normal".
Maybe I'm just watching it too closely?
Maybe it has something to do with the short-selling discussed in the other thread?
I have and am keeing my 1000 shares of LINE @24.94 average per share and am now buying LINCO for my ROTH IRA. Either way you buy them I think we are in for a good ride and getting a nice dividend along the way.
I did the same thing you did, sold my LINE for LNCO. I'm averaged in at 29.57. If it drops under that, I'm coming back for more. Let's see what happens early in the week of the 13th this month, just before the divi.