Monday could provide justification for Linn Energy's acquisition strategy. If the Berry acquisition goes through, which I believe will happen, Linn Energy wil have changed a whole industry model. This does not mean all things are golden, because operationally, the acquisitions have to produce at the desired levels. But it does create a vehicle companies can structure growth. IMO, because of the confluence in the pricing trends, Linn Energy will test $34 next week. GLTA
Not ever, but one of the best, and the reason is Walton Goggins, best damn actor who's ever been on TV. Trivia for Saturday, he was never supposed to be a continuing character, he was scripted to die in the first episode (which he did as a favor to Olyphant). But he was so great in the clips they decided to let him live and offered him a part. Now he's half the show. I do have to give credit to Olyphant, he's come a long way from being such a stiff in "Deadwood". With just him the show would still be very good.
The estimate is based on the price channel that has developed since July, 2013. The 50/200 confluence is such that there could be a spring like effect in the price action, given the right catalyst. Any close above $31.25 would signal the 200 had been broken and $34 should be the next resistance level. GLTA
I, too, feel this is ground breaking territory... which Linn Energy seems to enjoy doing, and fine with me as long as it works... lol. Sure is confusing yet. Say they have enough votes for the merger, but the stock
price(s) to agreed ratio are not in line... what then? Curious minds want to know....
Market making is controlling, at least temporarily, the price action. That is why you are seeing the stagnation in all 3 names currently. IMO, the ratio, at TOS, will be within percentage points of the agreed upon amounts.