I own Linn Energy (LINE) for the dividend. I also watch CHK. I have noticed that CHK goes up and down more dramatically than does LINE. LINE just plugs along going up a little, or down a little, but I have owned it since @ $18.97. Both stocks are very similar in price per share, but LINE's dividend is so much better 10% +. I am retired, so I depend on the dividend, and the increase in price is a real bonus. It gets little press, which is good. I am counting on energy prices being higher in February and March. I see nat gas being at $6 before Spring. If Obama agrees to Nat Gas as a bridge fuel, where do you think LINE could go? Through Yahoo Fiance it already surpassed the $25 target. tahoeticker
Checked out Balance Sheet (Good). Income statement (excellent). Cash flow is (good). Dividend better than 10%. Look out your window and see whats running up and down the highways and heating your home (OIL) (GAS). It will be that way for a long time. 5 analyses either strong buy or buy
Well, good luck. LINE looks like a corporate Ponzi scheme to me, doing regular equity issuances to pay its dividend. It generates no cash, and one day people will catch on to their tricks and refuse to buy more of the stock. Then it's bye bye dividend, and possibly bankruptcy if they cannot roll over their debt.
this stock is a power house I rolled out of VNR late july and into line because ther hedgeing was better and they where 50 50 oil and gas and there PE ratio is incredibley low ,this thing goes up on up days and it goes up on down days what more could you ask fore