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Linn Energy, LLC (LINE) Message Board

  • opinionsarelike33 opinionsarelike33 Jun 20, 2013 9:53 AM Flag

    Price of oil being slammed

    WTI down to 95 I believe someone here was saying look at oil close too 99.00. Oh yes it was the avoidinator sand. As I tried to point out to him that we are awash in oil.

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    • right, this is where all those awful hedges LINE puts on seem to not be so awful right

    • Yes, the price of oil does fluctuate....good that you noticed.....and it was a bit higher when I pointed it out.

      .....................well, notice if it bothered this Linn buyer who recently added:

      "Linn Energy is Cooperman’s fourth largest holding, at a 4.2% weight. He increased the position size by 68% or 2,886,300 shares in the first quarter to 7,158,488 shares total, and he has bought and sold the company’s shares since before 2008.

      Linn Energy is a top-15 U.S. independent E&P company and the first publicly traded independent oil and natural gas limited liability company in January 2006. It has paid a consistent dividend since then and has operations in the mid-continent, Permian Basin, Hugoton Basin, Rockies, Michigan and California."

      So Linn WAS his 5th largest holding......and is now it is his 4th.....

      hmmm..

      So,
      It does not seem that Mr. Cooperman has your concern(s)......does it?

      .

 
LINE
31.24+0.28(+0.90%)Sep 18 3:59 PMEDT

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