With the Buying of Berry last month . LNCO will make the necessary adjustments to the monthly dividend payout. UP! UP! Like 50 cent to 75 cent per month. It will take 6 month to find out what the extra money flow will be. We will be looking at a $50.00 stock for sure in the coming months. Good News! for the early bird buyers.
Wrong on all fronts, what r u smoking?. No way it gets raised that high and I wouldn't want them too. And it won't take 6 months to find out. Try next month. And $50 is ridiculous as well. try $38
Not a chance of a .50c ps dividend. They are working on settling and retiring debt notes and don't forget what happens if you raise a divvid and have to reduce it later if you have a slowness for whatever reason. No, an increase would be doing well to be in the multiple pennies ps category.
That would make more sense. The gain in the share price is also something to ponder. 5 years ago a energy stock that paid close to 75 cent per quarter was trading well over $40.00 per share. Wonder were all that money is hiding these days.???
Yet another upgrade this morning. #$%$ me off that off that the Barron's/Hedgeye cabal was able to do the damage they did, nearly scuttle the Berry deal, and make Linn have to hike the price for Berry. Yet another example of how totally feckless the SEC is.