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Linn Energy, LLC (LINE) Message Board

  • norrishappy norrishappy Nov 7, 2012 12:18 PM Flag

    Yes RLP Gasland, Oil Drum and starve people for ethanol corruption again

    The Progressive collectivists get along by definition with the hive mind.

    But that does not change the reality of the massive sell off underway.

    Looking at the Schiller and realistic estimated of growth in corporate taxes a 20% correction is not unlikely.

    A come back in housing might stabilize our economy. But free mortgages; really the government paying you to take out a mortgage as the interest rate is below true inflation, is manipulation rather than sound economics. It might keep America out of a new recession but the longer it goes the greater than odds of unintended consequences.

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    • Sell everything and stuff it under your mattress. We have a surplus of oil everywhere. More is being discoverd therefore the surplus goes up. i want oil at 75.00 a bbl. to stabalise there.

      • 1 Reply to opinionsarelike33
      • What an odd bromidic tantrum the OLB is having today. One big love fest except the market is down around $300 and has much further to go unless something changes in the Schiller equation.

        The EPA fracturing regulations are coming. Jackson is a born again pagan of the global warming religion. She is saving humanity by eliminating carbon energy in America. Like for Coal the real objective is to bankrupt all domestic carbon energy to make the irrationality of 'alternative' look appealing.

        American oil production will hopefully stabilize around $80. While cash break-even might by down around $65 for Bakken production decline rates are indeed very high. I very much doubt drilling will continue at $80 or $75 on a risk adjusted basis. Oil which has access to the world market via Seaway will continue to flow. MOre capacity on the Seaway is on the way. But that enables OPEC to continue to price oil out of all relationship to other energy sources and Progressive to pretend solar panels and wind mills have something to do with oil demand.

        Usually lower oil prices are exactly what is needed to restore American living standards and get demand going. But at some point lower oil prices will kill about the only bright spot in our economy now that active dry gas drilling is a zombie.

        The other problem with LINE now is the liquids exposure. Liquids unlike oil and corn which is directly linked to it by mandates, these are very economically sensitive like any other commodity.

        The American economy like Japan INc before us has entered a Progressive/Collectivist liquidity trap. We might get lucky and the manipulation works for housing - at least enough to keep us out of recession. But that is far from certain and the longer it goes the more chances of a bad rather than positive out come.

        It is more likely Obamacare and other taxes will do significant damage to our service economy. In the end analysis housing is tied to both employment and employment stability.

        The real investors around here are very concerned about the liquids exposure for LINE. It would most likely be wise for management to pull back from the exceptionally aggressive drilling program and attended to distribution coverage until Obama (perhaps) allows a ray of economic sunshine.

        Fracturing regulation is coming and Obama now has no reason to approve natural gas export terminals. Nor will Obama ever allow natural gas to displace any of the corn ethanol corruption.

        Attending to balance sheet strength and DFC coverage to offset the ngl risk is what I now wish to see. Like nearly every other American corporation has done the last four years.

        Business must be rational to survive. As we have just seen politics is more irrational than not now days. The response from business is what Econ 101 concepts predict and what has happened.

 
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