It would be nice to see it there before summer. It's been manhandled way too much, but in the meantime, the divi will have to satisfy everyone. It's NOT going anywhere, and it's NOT going lower. Now, that being said, it's time for the share price to get back where it belongs.
The "logic" for it going up is that the current yield is too high. The yield is high because there appeared to be risk. The last earnings report eased some of the concern, lowering the risk, and therefore the yield can come down. At 32 pps, the yield is around 9%. That sounds pretty logical to me.
and......there is NO place for logic to play out in financial markets, contrary to opinion. It's more emotional than logical.
Besides that, you are right....LNCO belongs exactly where it is, but if you read my post closely, I stated "before summer".... NOT today.
remember.... LNCO was at 40 when the wheels started falling off. So 40 is where is "could" be... but with all that happened...and with the shorts... I think we should be at 33 NOW.... and raising up to 35 to 37 over time.
Like has been mentioned... I am not upset... just picking up more shares with the divs and waiting for Linn to make some moves.... which they will.