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Linn Energy, LLC Message Board

  • mossyrock_man mossyrock_man Mar 31, 2008 4:24 PM Flag

    Chart Action

    I am curious why the chart for LINE maintains a straightline price throughout the day at +.02? I have noticed this on other days as well.

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    • This is a big player who has decided they're going to sell (or soak up) as many shares as possible at a given price. You can see this real well with Level 2.

      Last week, the big player(s) were mostly on the Sell side. You could see the 5K and 10K orders lined right up at 19.20 (and then 19), while the Buys were coming in in little 100 & 200 lots.

      For most of the day today, the big orders were on the Buy side.

      This all spells opportunity for the small investor....

      • 1 Reply to porciuscato
      • I think it is safe to say that given the current market, units are likely flowing from PIPE holders to retail holders. Many of the private equity firms were forced to de-leverage. This is good, eventually the balance will be returned when enough shares have been absorbed. I would imagine some units are getting sucked up by private equity firms that stayed out of trouble, but overall, I would think that the bulk is getting taken up by small investors. Linn is a good company. They have good assets, but they will have a tough time living up the same distribution growth rate that they had over the past 2 years. That being said, it has an attractive yield, good properties and a greatly reduced downside due to hedging. I would be pleased if they can grow the distribution by 5% a year. The problem they have is that the faster you grow the distribution, the quicker you lower your R/P life, which causes you to drill more wells to bring probable to proven....the faster you run, the harder it is to run faster...

0.180.00(0.00%)May 23 3:59 PMEDT