LINE near its 52-week lows and a market correction looming to push general market lower.
I'm watching LINE to hold above 34.
Experts out there to know LINE lows (if charts any help).
Negative articles has put downard pressure on LINE.
Maybe one day it will go back 35-38
line is a 'battleground' stock now, the target of long term shorts, so I expect its trading range will continue possibly shifted down 33-39 , 39 recent high . Closing BRY acquisition will not help unless it proves to be more accretive and helpful to balance sheet than currently expected, is my guess.
norris makes good point that LINE's ng production stands to benefit from increase in economic acivity which will normally exert downward pressure if increased economic leads to interest rate rise, but that will not keep LINE from being the "battleground" stock that it is
All NG companies will benefit. And if interest rates start to creep up MLP;s will become a lesser viable investment. But interest rates won't start going up for awhile. LINE's problem is implementation of funds correctly and letting out some news. And people appear to be rotating out of divie stocks.
ya, this is pretty nuts. I read that the options were going to head south (July/August) for the Summer. I didn't think it would happen.... but south seems to be the direction. This is too good a company for these prices. Especially with the hedging in place!!