Linn Energy, LLC (LINE) Message Board
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help
My broker says I have too much LINE and wants me to diversify. He wants me to look at ETE,NSH,PAA AND ATO. I have narrowed it down to PAA AND ATO. Any thoughts?
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sounds like your broker is trying to generate commissions, try an online, save money.
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Why would you want to sell when the Ex-Dividend date is Aug 5th, and you will get 63 cents a share??
I'm accumulating LINE, so if you sell, I hope I can get in a lower price before July 31st.
I wouldn't sell now, as tomorrow is the natural gas inventories, and it will probably go lower. Look ahead! We could have a hurricane, hot temperatures, or a cold winter. I'm long Line, they already said the dividend is safe. Even if the dividend was cut in half, it still beats money market rate.
My advise, just hold on.- 1 Reply to rnticknor
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I agree that this is a hold. I think it will see at least 25. If we are lucky, maybe 30.
At that time, one might consider selling some and
diversifying, if you can find anything.
Judita
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Look at TYN or TYY. They are Closed end funds (CEFs) that just own energy related MLP's
They are quite diversified and do not have the tax implications of LINE. I own more LINE than TYY or TYN but if you to mix it up a little, that may be an idea.
I found out about LINE by looking at the portfolio of TYN some months ago.
Glad I did.- 1 Reply to ibpawnin1
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I have been buying line and ngls the past couple weeks. Mwe, KMP,NS,EPD,and TPP have been good over the years.
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I,myself, prefer mostly Line with a trailing stop,since Line is hedged out nicely.If I get stopped out at the ex dividend date I will merely buy back in at a lower price.However I will certainly re evualate Line prior to the final hedging date.If you feel that ther are other good stocks consider a couple of them, however forget the advice of yor broker or anyone else!!
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How about EVEP or MWE? I bought some more today. I don't know what the rik is vs others you mentioned but would like to hear other comments.
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Best advise get a new broker. Line is going to at least 24 probably higher. Dividend secured thru 2012 by hedges in place.
- 2 Replies to ronaldeisenberg
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He might very well have too much LINE, maybe its all he has? its fine to be bullish on LINE but one really could be overweighted in one stock.
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I don't know anyone who still has a broker.
Do you feel he has some special insight as to what's the best way to invest your money?
Spend a little time on the internet and start making your own decisions.
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NSH is the GP for NS, check the presos on their web site. I like them for distribution growth in 2009 / 2010 due to the LP acquistion of asphalt assets a while back. Most of the rest of the business of the LP is fee based as well, all of which bodes well for the GP.
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So he wants you to diversify by buying more energy related stocks? That doesn't sound right.
- 2 Replies to itsphour20
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That's like telling an alcoholic to stop drinking wine and switch to beer.....
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you could get into one of the pipeline MLP's like KMR or EEQ. Its somewhat more diversified than having an energy producer
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Too much LINE? I suspect your broker just wants to churn your account.
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