Big premium. It will be interesting to see how the market reacts. Lower risk verses significant dilution
On the plus side the distribution is secured. The balance sheet leverage is reduced. So the credit profile is significantly improved. It is probably what the average individual income owner most desires.
I would to be expecting distribution increases until the ng hedging step down is resolved one way or another in a few years. Management should build a 'DFC' cushion so there is no concern for a repeat of what just occurred.
Poor Willie shorted BRY so it's string of failure continues.
RRB the other supremacist and racist is also 100% wrong.
The biggest positive for long term LINE owners is the stability to reach rationality in American energy markets . Regardless of the timing.
Natural gas and ngls are economically cyclical energy and raw materials. Obama's flock of very real scandals is most likely and hopefully make him the lamest duck. So whether Reid is removed form his outrageous abuse of our Senate process is key.