the price is down because oil is down and almost all the oils have dropped with it - too many ETF's to break that trend, don't complain, collect your very safe distribution and worry about stocks you trade not the ones you own. - I am back from the norris vortex, I will not post political nonsense again on this board (especially since I greatly reduced my personal productivity Mon-Tues
Opie John -
Absolute ignorance is your thing! As Sand just pointed out!
How do you expect to contribute on an investment board if you are both ignorant and irrational?
The science of investments is that there is always more information in a market than single individuals can process. This leads to the the proof of random walk price movements.
The fact that you make a definitive statement proves your ignorance and your refusal to learn your delusional hubris.
Sand is of course correct LINE is well hedged on oil. What is holding LINE valuations down with the oils in general is the significant backwardization in the oil futures market.
There is more American produced oil coming than we have the capacity to refine or use value add manufacturing. Companies are not willing to take the Obama/Progressive risk on large capital asset investments. So we are not generating American demand for additional domestic production nor can it be exported whole. This is holding back all oil companies and our entire economy.
Rising economic tide lifts all stocks. Something simple you do not understand or wish to understand either.
You are amusing today! No politics just really basic ignorance on display for all to see. ;)
"the price is down because oil is down and almost all the oils have dropped with it"
why would that be if LINE is about 100% hedged at pretty good prices?
Aren't profits are protected, & distribution is protected, so who cares if oil goes down?
nat gas is now at $4.40
.................. but the NGLs are not hedged...and as the NGLs go up there is more profit for LINE.....and those have been going up recently.
The current price of LINE isn't the result of "shorts", whoever they may be. Just look at BBEP. It's market price is foundering just like LINE. It's either year end selling or something more fundamental with these upstream MLP's that is causing the weak market prices. GLTA
"The shorts have made their money and have moved on."
Have you actually looked at the numbers to see what the trend is?
you can look at LINE on shortanalytics for some helpful info on the recent percentages:
"shortanalytics" is a free service website. The website was developed to provide traders and investors with useful information on short volume trends in relation to price movement and volume analytics. We incorporate short data published by exchanges into our powerful proprietary analytic engines to produce interactive charts and reports