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Linn Energy, LLC Message Board

  • jimmyandemily jimmyandemily Jul 4, 2013 9:53 PM Flag

    Friday....

    Any thoughts of tomorrows share price? Up or down?

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    • If you read the Barons article "Linn Energy Chalks Up Another Bad Day" and the comments from Stifel, I would say there is more downside coming. ShortAntalytics shows the volume of short sales over the past two days has been very low, and there is a good chance short interest has not increased and may have declined. I am waiting until the valuation becomes compelling and for me that is below book value. There will likely be no news that will support the stock nearterm and the focus will be on the demise or restructuring of the BRY deal which will be a negative for Line. SEC investigation will take at least one month and more likely several months to conclude. Even though I expect Line GAAP and Non GAAP disclosures will be exonerated, there will be too much time for the shorts to beat down the stock and a complete dearth of buyers. I have spent most of today analyzing Line's 10k and believe the increase in borrowing has been to finance acquisitions, but has left Line with leverage that is a bit uncomfortable. I have no problem with how they are handling the puts. If management was telling the truth on the disappointing Q1 production, and Line has a second quarter that is back on trend. The earning announcement could be the next positive catalyst, so I will be looking to start a Long position later this month in advance of the earnings release, if my price targets are hit. IMHO

    • Well, the European markets were up almost +3% because the European Central Bank said they would keep interest rates low for longer than expected. and yesterday and today's Asian markets are up. So, the US market should be up and help LINE at least stabilize.

    • I think it will be down again tomorrow. The shorts will once again bring this stock down. I hope I'm wrong because I'm long on this stock and plan to keep holding it.

      Sentiment: Hold

 
LINE
3.30+0.40(+13.79%)Aug 28 4:00 PMEDT