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Linn Co, LLC Message Board

  • stdennis44 stdennis44 Nov 5, 2013 1:52 PM Flag

    Baffles me....

    Why would anyone sell now with all the problems eliminated and so close to closing the Berry deal and a 9% divi that surely will be raised when Berry is done.
    Go figure.

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    • no_need_no_stinkin_badges no_need_no_stinkin_badges Nov 6, 2013 12:20 PM Flag

      How do they afford to raise distribution with all the added dilution from 1.25 to 1.68?
      The original promise to raise when deal was 1.25 is now gone. Their ability to rasie went from 40 cents to 16 cents. That is so close, I doubt you see any increase at all.

    • I agree with New2 that it is mostly profit taking and investors jumping into BRY. Long term LINE/LNCO should be fine

    • Because:
      (1) profit taking. Some jumped in last week when it was climbing up and are taking profits from last weeks huge jump. (2) If you want to own LNCO long-term, it would now be far better to buy shares of BRY which will earn you more shares of LNCO at time of merger. Straight up, (at least this mornings digits), if you bought 800 units of LNCO, those would be 875 LNCO units if you bought them through BRY. Stinks for LNCO holders, but it's true.

      I'm still long LNCO and content with the unit price jumping up upon completion of the merger. Depending on timing, I'm also happy to be receiving monthly dividends in the meantime, which may make things closer to even -- again depending on timing and which goes up/down between now and merger date.

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