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Linn Energy, LLC Message Board

  • jim_hairball jim_hairball Jun 20, 2013 6:16 PM Flag

    Trade LINE for BRY


    I sold my LINE today and added a few more shares of BRY to add to my existing BRY position. I will just wait out the eventual merger and get shares of LNCO. I just don't like K-1's. The spread between BRY and LNCO at today's closing price is 7.2%. And when merger does close LNCO will likely go up in price. If merger does not happen (unlikely) then I would prefer to have my money in BRY.
    Wells Fargo is my investment firm (100 free trades a year) had BRY as a strong buy before the merger deal Valuation Range: $64.00 to $68.00
    Our range is based on our NAV estimate, which includes value for both proven and
    unproven reserves, as well as other net assets and liabilities. Our NAV estimate for
    BRY is $49.95; however, shares have upside from these levels on the announced
    takeout offer.

    BTW I did go to Target to check out those folding chairs but did not buy them, instead went to the Outlets and bought 2 nice Reebok Pants for $20 each to celebrate crushing the shorts for now!!!

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2.87-0.49(-14.58%)Oct 12 4:00 PMEDT