Linn Enery now paying its cash distribution MONTHLY. No longer necessary to wait each quarter!. Take that shorts!
Why would the shorts care about paying about 25 cents to maintain their positions for another month at least? It's peanuts.
I agree ron,
.25 isn't #$%$ to cover. This is why monthly divie won't help the longs out but better yet it helps the shorts out. Less to worry. But I am sure DA Norris is saying the opposite and telling everyone that the .25 is good.
10%+ annually on a leveraged position is huge. The question is what further can be squeezed out.
In the short term it is now trying to break the BRY deal. SEC was well executed attack by the shorts.
That'd be pretty nice for actual shareholders if they paid, the float in this stock would cover 25% of shares outstanding's dividends.
... definitely better cost averaging.
As long as they keep paying this lush dividend, I'll stay with this stock and ride through this craziness. I may reconsider once they cut the divi
As the SP goes lower that divie isn't going to cover yours or anyone elses loses on this stock that bought higher. Where is sand with his ultimate wisdom.
just give it a month after sec and merg this be over 40
Sentiment: Strong Buy