Even if everything the short sellers are saying is true, which its not, and even if its worse than the short sellers are saying, which its not, the price for LINE right now is absolutely bizarre. LINE is trading at SUBSTANTIALLY below its value. I can't believe the weak hands selling right now. They must be brain dead and constantly wondering why they can't make money in the market.
book value on oil/ng producers can be largely based on discovered assets which can change in value up or down as the underlying price of the commodities change. Most of the EP's had very large write-offs this last year due to falling ng prices. That will turn into huge profits and dramatic rises in book value as commodity prices rise.