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Linn Energy, LLC Message Board

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  • counselor711322 counselor711322 Jan 18, 2013 4:52 PM Flag

    LNCO higher again...LINE stalls?

    A rather strange observation given that LINE has been building a base and has moved higher at the end of the week off that base.

    In 10-11 trading days, LINE should have its ex-dividend date and the stock has traditionally moved higher during that period. Whether that trend holds should be revealed next week.

    One factor keeping the stock down earlier in the week may have been ETFs devoted to investing in MLPs had three new ones come to market today. In anticipation of that event occurring, they may have been raising some cash by selling some LINE shares, so they could buy shares in the new MLPs.

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LINE
0.38+0.01(+3.74%)Feb 12 4:00 PMEST