What a great strategy!
WTI at $104.58 on 7/9/13. Is there any doubt LINN's assets are worth more with every increase of WTI?
Not to Linn, since they are fully hedged at $95.57. What's so hard to understand about that?
That's exactly my point. If the oil prices keep going higher, it will fix most of LINE's problems. If it hits $150, God forbid, they will be one of the most valuable companines on earth.
Sentiment: Strong Buy