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Linn Energy, LLC Message Board

  • counselor711322 counselor711322 Feb 19, 2013 8:44 PM Flag

    Seasonality working against shorts

    think you're going to be very pleased with adding shares. I was curious, so I went back and checked oil prices for the past decade.

    As it turns out, oil prices have gone up in March and April after hitting a low in February every year since 2003. In most years, oil prices have continued to increase.

    This probably explains why MLPs like LINE perform so well in the spring and early summer. Indeed, even though most are not directly correlated to the price of oil, there is some tendency to trade in the direction of oil.
    Added to my shares at the open. That worked out well.

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