Earlier in the year when I suggested QRE had a lot of promise, I got nothing but sneers from the know-it-all trio of Jack's groupies who love nothing better than contradicting.
Now I suppose they will love it since it turns out Mike Linn left LINE to go to QRE.
Liza, your posts have been a valuable addition to this bulletin board. And as an owner of both LINE and QRE I'm pleased to see Mike Linn at QRE. I suspect we will see QRE around 24 within a year.
Without putting you down, I think I can safely say that a lot of us regular readers miss Jack and hope he will come back. Whether you agree or disagree with him, he was an informed investor and what he wrote was always worth considering.
Sentiment: Strong Buy
Jack posted this below earlier this year......since you sound like you miss his thoughtful posts it may be of interest.
"QRE has GP Incentive Rights Despite Liza's denial"
"MANAGEMENT INCENTIVE FEES (contradicting Liza's assertion there are none)
" The management incentive fee we will pay to our general partner may increase in situations where there is no corresponding increase in distributions to our common unitholders.
Under our partnership agreement, for each quarter for which we have paid cash distributions that equaled or exceeded the Target Distribution, our general partner will be entitled to a quarterly management incentive fee, payable in cash, equal to 0.25% of the management incentive fee base, which will be an amount equal to the sum of:
• the future net revenue of our estimated proved oil and natural gas reserves, discounted to present value at 10% per annum and calculated based on SEC methodology, adjusted for our commodity derivative contracts; and
• the fair market value of our assets, other than our estimated oil and natural gas reserves and our commodity derivative contracts, that principally produce qualifying income for federal income tax purposes, at such value as may be determined by the board of directors of our general partner and approved by the conflicts committee of our general partner’s board of directors.
Re ratio of oil, nat gas liquids, and dry gas, approx
64% of proved reserves for the 2010 report were oil, with 32% dry gas, and the remaining 4% NGL. The oil ratio has recently increased with their oil property purchase. Given the poor prospects for dry gas, the negative affect on future earnings is plain."
The mysterious X force occult investment ideas are based on back fitting returns and unproven claims.
It is simply proven wrong by decades of repeatable and repeated academic research Not a matter of opinion but fact. This is exactly why the Mysterious X force will not address it as 'fancy' stuff. Nothing fancy about it at all. It does not require advanced degrees but rather common sense.
You do a disservice to yourself and others by not reading up a little more. Nor do I believe the Mysterious X force daily shows actually has anything to do with investing but other agendas.
This is what you posted:
"Earlier in the year when I suggested QRE had a lot of promise, I got nothing but sneers from the know-it-all trio of Jack's groupies who love nothing better than contradicting.
Now I suppose they will love it since it turns out Mike Linn left LINE to go to QRE."
Now lets see some of the facts.
If you had actually followed jack and did what he did....from last december until now and had SOLD your MLPs and BOUGHT MTGE then you would have a gain of 52.02% using the buyupside div reinvestment backtest calculator.
If you did what you had suggested and it was from last December and bought QRE then you would be DOWN even with four dividends....so your loss would be 3.23%......your return would be -3.23 %
AND, Jacks would be a gain of 52.02%.....so,
HOW is anything about what you posted correct?
Did not look at what Jack actually did when he left LINE, or just too embarrased to mention that QRE is actually down 3.23% even after 4 dividends paid,...or, maybe you do not even know how much QRE is down on a total return basis....and still just making up things?
Looks like they could use some help and Mike Linn might be someone who can add something helpful that clearly seems to be missing based only on looking on what they did over the last year.....while LINE is UP about 11% during that same time period.
I was neither buying MTGE nor QRE so how can you know whether what I did was correct since you have no knowledge of my portfolio performance over the period. My portfolio income continues to increase and compound (putting me in the 'rich' category, were the income not mostly offset my depletion and depreciation offsets). So I'm doing fine, thank you very much.
Mr. Linn added, "I am very pleased to be officially part of the Quantum franchise again. Having directly worked with Quantum for many years while at LINN Energy, I have seen first-hand their financial creativity, technical acumen and intense dedication to both their investors and management teams. They are a premier private equity partner and I look forward to helping support their investment efforts."