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Linn Energy, LLC (LINE) Message Board

  • markkanegis markkanegis Jul 22, 2010 9:01 PM Flag

    Jack Hiller & Board

    Linn has become my biggest holding, and have been considering adding some other investments: Any pro-cons for EVEP, ENP, Denbury, PWE etc.

    Thank you.

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    • Thank's Jack, I haven't checked the insider trading on MWE. I have a lot of units I bought in feb and march of 09 at $11. I have sveven MLP's I use just for income. I have been buying Linn for the past year.
      spacuna

    • jackhiller@ymail.com jackhiller Jul 23, 2010 3:40 PM Flag

      Selling shares/units for a few oiwners, a few times, is not a good predictor, as shares provide some additional income.

      However there is not a single purchase over the last 7 months (this whole year so far), but a demonstrationb of braodscale selling:

      Date Insider Shares Type Transaction Value*
      Jul 9, 2010 BROMLEY C CORWIN
      Officer 5,000 Direct Automatic Sale at $34 per share. $170,000
      Jun 17, 2010 BROMLEY C CORWIN
      Officer 5,000 Direct Automatic Sale at $31.02 per share. $155,100
      May 17, 2010 BUESE NANCY
      Officer 12,000 Direct Automatic Sale at $30.03 per share. $360,360
      May 17, 2010 BROMLEY C CORWIN
      Officer 5,000 Direct Automatic Sale at $30.36 per share. $151,800
      Apr 1, 2010 BUESE NANCY
      Officer 5,000 Direct Automatic Sale at $30.69 per share. $153,450
      Mar 19, 2010 HEPPERMANN DONALD C
      Director 500 Direct Purchase at $30.95 per share. $15,475
      Feb 16, 2010 BROMLEY C CORWIN
      Officer 10,000 Direct Automatic Sale at $28.61 per share. $286,100
      Feb 1, 2010 BUESE NANCY
      Officer 5,000 Direct Automatic Sale at $29.35 per share. $146,750
      Jan 31, 2010 TEETS BRYAN
      Officer 1,436 Direct Disposition (Non Open Market) at $28.97 per share. $41,600
      Jan 31, 2010 BUESE NANCY
      Officer 12,527 Direct Disposition (Non Open Market) at $28.97 per share. $362,907
      Jan 31, 2010 BUESE NANCY
      Officer 18,000 Direct Acquisition (Non Open Market) at $0 per share. N/A


      When the senior managers and execs see no reasons to be buying, that's a caution flag for outsiders.

      At a yield of 7%, its no longer a bargain for an MLP and is comparable to the other gatherers and pipeline MLPs.

      Best of luck

    • MWE has been a good investment for me. I think it is a little high now. It pays $2.56 annual dist...
      spacuna

    • Mr. Hiller. Thank you very much.

    • jackhiller@ymail.com jackhiller Jul 22, 2010 9:53 PM Flag

      Wrote my opinions with lengthy explanations, but Yahoo deleted. So just opinions now w/o the explanations.

      Linn has the bast prospects. EVEP second best. Thoroughtly familiar with PWE and ERF; now that they nare being converted to ordinary Canadian companies, they have no special appeal, and PWE has a scary debt load.

      ENP has been orphaned, lacks a multi-year hedging program (which LINE and EVEP sport), and is too risky for a retirement investment.

      Consider NLY after it recently dipped a buck on selling new shartes. Very well run Gov backed mortgage REIT yielding over $15%. It will do well over the next two years as our current administrations policies and regulations (Health, Banking, EPA...) discourage economic growth, so the Fed will be forced to keep the short rates low, as Bernanke testified to Congress this week.

      Hope this helps anf best of luck.

 
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