LNCO has been sold down by the short sellers. LNCO has a solid 9+ % yield. And very good prospects for horizontal drilling in the near future. Thus, increasing profits & production. This selling is overdone and LNCO seems to be a good Buy here.
Unbelievable. This market is goofy. Companies that don't make money are trading at lofty pe's and companies that make money but warn of tough times ahead loose big. My opinion LINE and LNCO paying faithfully 9.2% is a buy. I guess mkt thinks we will need less energy in the future. It's just a stock pickers market driven by emotion. Welcome to the ride.
No, believable, the headline earnings number was bad, production so so. The market doesn't fully understand what metrics are important to upstreams. Remember LINE/LNCO is coming off a stormy year, and recently ran up before earnings. A perceived miss is bound to do damage. The recovery today (if it holds) is encouraging. Hopefully we can hold above $30 and start to dig out here, there's a structural buck and a half just to get back to par with LINE.