Cramer says," However, those changing definitions don't appear to have impacted Linn's underlying financial picture.”
Seeking Alpha says, "The SEC has published a partial ruling that agreed with the allegations but cleared the way for the acquisition of Berry Petroleum."
Seeking Alpha allegations were that LINN would not be able to support its dividend and that they were misleading investors.
Cramer - does the SEC changes infer that LINN was misleading its investors and will not be able to support their dividend? Yes or No
Seeking Alpha - does the SEC changes infer that LINN was misleading its investors and will not be able to support their dividend? Yes or NO?
Let's hold someone accountable. Cramer and Seeking Alpha Yes or No? Let be unambiguous?
My SEC sources confirmed they're working the FBI's swat and hostage division and plan an all out assault on Linn Energy's compound. Apparently the CEO has all the answers in his desk drawer, but took the CFO and COO and keeping em hostage.
Both may be right. The SA guys appear to be right on the non-substantive minutia of fine accounting principles and Kramer appears he will be right on the substantive issues that the distribution is safe and the BRY deal will ultimately get done. Time will tell.
Sucking Alpha is nothing more than another Yahoo message board. They don't edit anything that's submitted or check on the credentials or sources of those who write. The only thing they do is delete responses that are critical or that would frighten away the poor idiots who actually advertise with them.
There are some decent contributors, but a lot of the others appear to be school kids, substance abusers, shills and the homeless who have fallen through the social safety net and set up their office with a laptop in a bus station toilet stall.