Wow. A couple of days ago here in Vegas it was 72*F. Re your comment about nothing mechanical working, I recall a funny (gallows humor) incident when a collegue from an Army lab was briefing our Asistant Sec for R&D and systems Acquisition of a procurement underway, circa 1988.
Mr. Ambose asked about the state of the procurement, having asked a full year ago to get it "Now!" Answer was that the normal contract processing had it's actual delivery at least 6 months away. As a former Ford exec used to getting prompt responding, he could not hide his frustration. He asked why the item had to pass all of the bureaucratic checkoffs taking so long when it had a special purpose that made 99% of standard requirements irrelevant. He asked if it included the usual checkoff for operation at a temperature down to minus 20*F, and the answer was, "Of course."
Then he blew up. He said he grew up in Main and whenever it got anywhere near that cold, nothing worked outside and anyone with even half a brain stayed inside to keep from freezing.
Another element to the price decline is that a large quantity of units will be sold by the plan administrator to cover the tax liability on Linn employees' Long Term Incentive Program units, beginning today. That is, restricted units will vest and the tax on the value has to be collected by either selling a portion of the units or by a cash payment to the administrator.
Maybe Gore will give me a good deal on his newest multi-million dollar mansion which is only a couple of feet above sea level? If he does everyone is invited to my new home! The party theme will be end of the world.
Linn Energy brought 1 Million shares to the market at $35.92 to raise 350 million+ for
debt reduction. It doesn't seem fair to existing shareholders. The bright side it is a good time to buy more.
line down on Feb crude drop of 2.62 per barrel
wrong old news
LINN Energy Announces Pricing of Its Public Offering of 10,000,000 Units
HOUSTON, Dec. 9, 2010 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq: LINE) announced today the pricing of its public offering of 10,000,000 units of its limited liability company interests at a price to the public of $35.92 per unit. ews