sjsrhs: line has good distribution coverage and with their hedges and intention to buy more accretive deals, why do you think they will cut distribution? and how does your reasoning explain why LNCO is up today?
LINE is technically oversold (RSI, MACD, slo stoch) on daily and weekly charts, at the bottom line of a 2 SD linear regression channel. There is nothing fundamentally wrong with LINE unless you think that oil prices are going to collapse for years to come (LIne is well hedged over the near/medium term) which I do not, so I sold more jan 2014 35 puts (got $4.60 today) and started buying various calls, which I rarely do, started with april 36 in case price appreciation I expect after this selloff takes a while
What does a deal have to do with NG and Oil? Only effect would be taxes that would be added on divies. As far as the price of NG and oil the cliff has no relationship. Now if taxes increase MP's will be effected on the divie. Which could cause a rash of selling.
So 'optionsare' why would there be a rash of selling if taxes go up? What else would you buy as an investor? CD's, bonds, other equities with even lower yields?? C'mon man you need to think for yourself....LINN is still the best place to be since taxes may go up but you still make MORE money than other investors which means "demand" for the stock will rise right? This means that bids will be higher and asks will be higher right? Think think think...be ahead of the crowd.