I own only LNCO. I have predicted that the spread with LINE would contract and that over time LNCO would go back to its traditional premium to LINE. Today the trend continues and we're down to a $.90 spread. I think the insttitutions and IRA buyers are getting more comfortable with LNCO and they have the big bucks to bid it up now that we have most the the residual BRY former owners out of the way. GLTA
No one knows where the market will eventually price the tax differences between the two, it's not cast in stone that there should be a discount or a premium. It seems clear the market has decided on a discount for the moment, and the dollar has held for almost three months with some ups and downs, I assume today was an aberration.