....and, during the next 52 weeks, that should easily be surpassed.
Not too bad for income, either. After all, a $10+ gain from here along with divis will generate a 40% return. Who needs tech stocks when you have this kind of potential. The odds are in favor of the Longs right now. JMO. Other opinions welcome.
Sentiment: Strong Buy
Not to mention the fact that the $40+ high came before a $500 Million oily Permian Basin acquisition, increased efficiencies, switch to a monthly payout, a likely accretive BRY merger, etc, etc, etc. Granted, the short attack and resultant SEC Inquiry didn't help matters, but other than a decrease in share price resulting in a time delay and a renegotiated swap ratio, there is no logical reason to believe that the previous high will be exceeded with or without BRY. It seems like there is too much impatience from a lot of very knowledgeable people on this board. Unless you are a trader, I firmly believe that we have an exceptional opportunity that will richly reward patience.
With the SEC releasing everything. These 2 stocks should be closer too 35 now or over. instead of LINE still under 30.00 and LNCO retracing. The deal has been cleared for BRY. I believe the market is saying LINE and LNCO paid to much for BRY and the BRY share holders are the ones making out. hat this deal with BRY will not be accretive right away to LINE.
I'm sure that this will receive a loud boo, but I disagree. I see $36 - $37 as a cap this year due to the increased payment for Berry. I hope that I am wrong as I would love to see $40 as much as anyone else, but just don't think that it is realistic.
I agree, there's not going to be anything easy about reaching $40 next year. This is going to be a long, hard slog, confidence is not going to be restored overnight, keeping in mind this threatened to slip into the teens just a few months ago. We're going to see a lot of ups and downs, but the year might look like this:
From now until the deal closes - $29-31, no real momentum.
Deal closes - $31
Q4 earnings date set, distribution increase announced - $32
Q4 earnings - $32-33
Q1 earnings - $33-34
Q2 earnings - $34-35
Major acquisition announcement and distribution increase - $35-36
Q3 earnings - $36-37
2015, around April - $40, sell your 2016 calls.
My post was about the next 52 week period. You seem to have shortened it to 6 weeks, and yes, I agree about the $36-37 range for THIS year, however, the 40% I referred to was for a full year, not a month and a half.