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Linn Energy, LLC (LINE) Message Board

  • boiler_room_bermuda boiler_room_bermuda May 9, 2013 9:06 AM Flag

    just another debtor with a drill bit

    Here is the Houston business model; borrow $6 BILLION, drill, sell your commodity for whatever you can (use hedging to limit your upside), deplete your asset, rinse and repeat.
    There is nothing special here, nothing.

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    • Two quick points.
      It seems that you are not too shy about your name: "boiler_room_bermuda"

      Which should help explain this uninformed post:
      "Here is the Houston business model; borrow $6 BILLION, drill, sell your commodity for whatever you can (use hedging to limit your upside), deplete your asset, rinse and repeat.
      There is nothing special here, nothing."

      NOW, how about some details?

      Try and explaining HOW they hedge differently than most, why not actually compare their hedging strategy to some others like maybe Chesepeake by contrast, and actually look at what happened when gas went to 2 bucks and Linn was selling gas for over $5.....and laughing (at comments like yours) all the way to the.............

 
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