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Linn Energy, LLC (LINE) Message Board

  • joelndll joelndll Aug 7, 2011 9:44 AM Flag

    How Low can it go?

    LINN Energy has fallen 21.25% since a high on
    July 22nd of $41.13 to a low August 5th of $32.39

    I bot LINN Energy for my retirement. Since the
    world seems to be heading South financially,
    what's the best advice for Monday?

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    • Jack H. has said that Line, one time previously, had bought back its stock as the best investment option available. Looks like today or tomorrow will present that option again - what with the price of its stock going lower along with oil. Guess we will have to see, but I surely think that the SALE of 500 million dollars of Line is -OFF THE TABLE!

      Keeping my fingers crossed!

    • I am going to put some super low orders in Monday and may get lucky. Thinking between $30.50 $31.50 may get lucky and sit back, get paid a fat div. andwhat for the nice run up to 40's again.

    • I will be buying this at any price between $31.00 and $32.50, but hold firm with my purchases at $34.50 on Friday. The tape showed us $32.50- on Friday when the treasury was discussing the rating with S&P. So, that is my low number, but $31 is possible, albeit not logical from a yield perspective. We are already below the 200 day moving average, which is just not right. In other words, I think the rating downgrade was priced in to the market around noon on Friday. I don't know of any other reason that the spike would be so pronounced with so many stocks at the particularly time. It must have been leaked, or at least I hope so.

      If it opens lower or the same, starts to climb, it may sell off, but that should not be alarming. It is just traders looking to make money.

      We will see a firm trend by the end of the week, but I just want to make money and am willing to gamble. At $31.00, the yield is 9% on a proven name with a very good track record. $32.50 is a yield of 8.4%+/-. That won't last very long when there is so much volatility.

      I know this is total speculation so please excuse me for venturing some guesswork, but when I went back to 2008 and calculated a yield of 15% at the time, this just doesn't seem like the same company with better earnings and history. Therefore, 8.50%+/-, seems like a good opportunity. The price will certainly be higher by November 5, so the trick is get as low a basis as possible for me. I am breakeven at $36, so it is just getting into the best position for the November run-up. If I can get down to $35.00, I will.

      And I know that it may not happen, but it would be unique for a high yield name like this not to move up to at least $36 by then. If we hit $39, then I am going to do very well. I am not going to venture anything higher than that at this stage, but am also not saying we won't see $41.14 again.

      Good luck, but I note your rating as Strong Buy, which is mine. So, we must be like minded on this.

    • This was written by Todd Johnson on Seeking Alpha website on how he will react to mondays stock market, I agree with him and will buy more if it drops.

      Linn Energy
      I want to own additional shares in Linn Energy, LLC (LINE). I shall be on the prowl for discounted shares sold by forced margin holders. This MLP has strong management and a focused business model which is conservative and dynamic in selling and buying new oil and natural gas properties. The producing oil and gas properties in the United States are long-life properties with minimal risk of exploration surprises. As energy prices have dropped in recent days, the price has dropped in favor of investors wanting to build or add to their LINE positions. I have full confidence in this company to operate in shareholder's best interests.

      May everyone benefit by any opportunities presented by Mr. Market. Think for yourself and I am confident you will succeed.

      Disclosure: I am long AGNC, GDXJ, GTU, CLCT, LINE.

    • You're in it for the income, I assume. Stick with it. If big inflation hits, there's no safe haven anyway. And if there's another recession, the price of LINE may decline (or not), but Linn will still have nicely hedged positions for several years out, whether the market recognizes it or not. Trying to time the market with important income-producing positions is just gambling, I think, and doesn't produce a salutory result for one's stomach. If your LINE position is intended to be long term, then keep it long term and do your best to ignore the market's inevitable ups and downs, which are probably the only sure thing you can be assured of. This is just one guy's viewpoint, of course, but I'm doing for me what I've just suggested for you.

 
LINE
31.18-0.06(-0.19%)Sep 19 4:00 PMEDT

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