guess people are buying Barrons research over Cramer's bromance with CEO. I'm a bit surprised that he had no impact on the price
As for me, I'm just a sucker for an 8%+ yield with a promise of an increase coming in the next qtr,especially when made by a company that has not only paid distributions for 7 years straight but has increased the distribution every year but 1 (2009 where they did not decrease it)
I don't understand why Barron's has so much pull. Wells Fargo and Cramer both came out in support of Linn, but Barron's negative article seemed to affect it much more. Strange.
Sentiment: Strong Buy
what I saw was a heck of a run up..... then ex-div and article.... doesn't this stock and LNCO sell off pretty good after the div anyway? Check the charts. So this is a more than average sell off, don't get me wrong... but not an unprecedented direction... and then to recover. You watch next quarter and along with the monthly dividend.... I see good things ahead.
Sentiment: Strong Buy
Barrons is the biggest banner with high net worth individual investors or perhaps was. The very folks who are most likely to directly own MLPs.
It has also been followed up a wave of guerrilla media.
So far the shorts are definitely losing.
Well then, it seems that you do not know much about the CEO.....Do you know much about ConocoPhillips?
"Ellis maintains that the company is not in the business of guessing where exactly future prices will go.
“One thing we can’t do is predict price,” he says. “Invariably you’re going to be wrong.”
For that reason, Linn hedges its production on a 5-year time horizon, meaning that the company has locked in an average price for much of its future production through 2016. It’s a strategy that takes a long view in the hopes of riding out short-lived volatile price shocks. However, it does leave the company vulnerable to being on the wrong side of a trade.
“There were some times, like in early 2008 we were at an 8 dollar gas hedge book [when prices were above 12 dollars] and it didn’t look like such a good position.”
But Ellis is quick to note that within 6 months of that, prices plummeted.
“We looked like heroes,” he adds. "
Barrons research? What research? Assuming and guessing on assumptions. Read the piece again.
Puts were all above strip then it was not reported?
Hedge eye says worth Zero? If you take out the hedges which of course then must be a valuable asset.
Just one big contradiction. Aimed at retail investors like you I guess - who really do not understand.
Cramer pops bring in weak hands -lots of stop loss bozo's. I am not surprised by the bears renewed attack. Stop-loss orders are bear bait!
Today looks much better. Shorts selling do not generate volume at lower price. the stabs down have no momentum. I predict we end the day up from here.