Been holding most of the year... Should have cashed out yesterday. Why did linn put out a statement about SEC no more questions, then today say inq still going. Why not put out a great case today at the CC to support the huge price premium for the deal.
Well, the market did take that S-4 announcement as meaning the SEC was out of the picture, so do I, so did Crammer for that matter. If that was a deliberate bit of holding back on management's part, it worked! It took the $20's out, and possible cleared the way for the deal that may have been negotiated over the weekend (for all we know, IR sure seemed downbeat last week).
hey look through the noise collect the dividend it aint going to get to the promised land today. im holding 5800 shares that look a lot better this week than they did last. like it or hate it we are probably going to aquire bry. oil will be back in 100s again one day and you still get a payday every month
Because.....that's how mgmt. knows pumpers like yourself cling desperately to 'good news'. They need the share price to be up. Saying 'no comment from the SEC' implies they cleared the S-4, when in fact they didn't.
It all boils down to the mgmt. of the company you buy. If the mgmt. is good and forthright, none of this stuff will be happening to begin with and the merger would have sailed through with little or no drama. Look at BBEP or VNR...you ever see them with so much drama when they acquire?
I know some of you will bash me or thumb me down no matter what, but that facts are the facts...this company is a POS because the mgmt. is POS...hence why I am not long on this stock.