There's no need to wait for a CC when the earlier earnings announcement (disappointing) and guidance for 2014 (nothing to write home about) were available in detail. And it wasn't hard to figure that there'd be no dist.increase in 2014. 2015, of course, remains uncertain. But it does appear that Linn will maintain the current high dist., and that should be reasonably satisfying to income investors, except for those who wanted an increase despite financial stability. (All those pesky numbers, ya know.)
I do wonder how many of the overly optimistic posters actually read the detailed earnings announcement from Linn plus the supplemental information that's posted at the Linn Energy website. I suggest that they take the time to do so before giving me a red thumb for this post.
"And it wasn't hard to figure that there'd be no dist.increase in 2014. "
just make it up?
I did not hear that said anywhere in the call.
If you listened to the conference call.....they will be buying assets &/or C-corps & doing deals in 2014....since they do accretive deals.....you may not get the distribution increase now just yet, but there is a lot of time left in 2014.....right?