To all those who did not like my last post: I think that LINE has a fairly good chance to go up soon, based on both the pre-announcement and TA. My medium target px is $38 minimum. The px action on dec 6 is not expected. Maybe the stock won't go up until the merger is approved, like some said. On contrary, some could speculate that there will be a run up next week because the approval has been expected. I just hope that LINE will close above the near term resistance on dec 9 with good volume! Never a good idea to close below the 200 DMA for consecutive days despite an uptick in volume. LINE has been on an uptrend for weeks and should continue.
Seems that the merger has created a dark cloud or 'uncertainty'. I hope that mgmt will come out before dec 16 to indicate that the merger is already a done deal. If this happens, the shorts will be slaughtered.
Oh, so, "all the good news is out?"
Maybe you forgot about the 3,800 boepd average IP rate for the 12 Hogshooter wells (~74% liquids) mentioned in the conference call & listed on top part of slide #13 of the new Linn presentation of Dec.3,2013?
That sounds like lots more OIL & NGLs.
.... about how many more Hogshooter wells will be done by the end of the year and when will that news be out?
Did you go through that presentation yet?