Talk about amateur hour from the so called market pros. Pretty sad when a short like myself can see through the bs that these expert analysts cannot.
ladies, i assure you, the last shoe has not dropped here.
we still intend to put our shoe up your you know what in the end. SEC paves the way for fraud by you short sellers (many of whom are trading on insider information before releases to public). SEC should be abolished
Hickboy, no inside information here, none needed when you look at the books and the way it trades and the extreme pumping by your hero s at cnbc. The only hick mentioning fraud is you, dumbo.
Linn actually has a number of sell and underperfom analysis helping to drag it down, and a quite bearish stance of .02. I did not come across any recent buy recommendations neutral seems to be the most positive so far.
I believe there could be a bounce at some point but difficult to predict here.
The shorts were successful in damaging LINE and the analysts got out of the way. Has fundamental of cash flow from mature well understood assets changed? No.
Does even the successful personally profit by destroying the market value of fellow Americans investments Hedgeye claim the distributions can not be sustained for a very long time? No. That is the absurdity of this.
Are the BP acquisition done at the bottom of the natural gas prices worth nothing? Really?
Mr. Ellis and the team are going to have to execute ground game and earn out of this from existing assets. Once dependable DCF coverage is established the unit price will recover. Until then acquisitions will be problematic given the very high ROE at these prices.
But the assets are real and so is the cash flow. From the hedge book and expanding production.
What a load. The supposed accounting issues are nothing but a good story, which has allowed short sellers to scare the shares out of buy-and-hold investors.
As a retired tax attorney, I'd enjoy a bit of dialog with someone who is willing to rationally discuss Line's supposed egregious accounting infractions.
Price, just check out the bond market if you want to see what rational people think about Linn's accounting.
Linn's bonds sold slightly over par today--and that is with the overall bond market's reduced par after the rise in the 10 yr. treasury rate to about 2.72%.