a) My target is $38 to $40, which is a 30% gain from Nov 30.
b) First of all, the merger should be approved because it'd benefit both companies.
c) I think that LINE should continue to rise in the coming weeks.
Agree with all the comments on here. Looking good for linn. For mid 2014 I'll say $40
Increased production, Berry merger, efficiencies of scale, deployment of expertise in newly acquired assets, potential other asset purchases = $42 -$45 By July 1. Cross your fingers.
PLUS $500M Permian Basin Acquisition. That little half billion dollar deal seems to get lost in the BRY shuffle.
If earnings through the 2nd quarter of 2014 adequately cover the cash distribution and perhaps it is even increased then I think your prices are a reasonable estimation.
Merger will improve earnings & help LINE reaches the target.
Expectation will push LINE price up.
So vote yes!