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Linn Energy, LLC (LINE) Message Board

  • norrishappy norrishappy Apr 8, 2013 7:53 PM Flag


    The U.S. Energy Department's weekly inventory release showed a decrease in natural gas supplies on account of cold temperatures that spurred the commodity’s demand for heating. The storage withdrawal has also pushed down natural gas stocks below the five-year average level for the first time since September 2011.

    This, in turn, is expected to buoy natural gas producers, particularly smaller players like Bill Barrett Corp. (BBG), Linn Energy LLC (LINE) and Forest Oil Corp. (FST). With an improvement in the companies’ ability to generate positive earnings surprises, they are likely to move higher from their current Zacks Rank #3 (Hold).

    Zacks does good write ups. But we all know seasonal demand is not LINEs game. The shape of the futures curve is more important. Unfortunately the gas futures curve reflects the sad Obama normal going forward.

    Demand is being driven by unseasonably cold weather. However, working off inventories while we all know there is insufficient drilling to maintain ngas supply demand is very positive for LINE and the industry.

    Given the wide energy market distortion between oil and gas; thanks to Obama's childish passive aggressive games on politics and regulations, the rigs will not be coming back to gas until the economics changes dramatically. YOu never know for sure whether Mr. B will get housing going again and that is indeed a very powerful demand source.

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