HOUSTON, Jan. 27, 2012 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) announced today a cash distribution for the fourth fiscal quarter of 2011 of $0.69 per unit, or $2.76 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable Feb. 14, 2012, to unitholders of record at the close of business Feb. 7, 2012.
Yes I am still holding my Apr$34 Calls. I went back 4 quarters to see how the SP moved up after Announcement to the day B4 Ex-distribution.
Here are some interesting facts. LINE tends to close lower than it opens on the day Announcements are made. LINE SP peaks a day or two ahead of the day before Ex-distribution. That means the peak will probably come next Tuesday or Wednesday.
Thanks, Rim. A lot of folks have been watching for that one. Should be a nice, quick pay off for those who got in right after their SPO announcement on 12 Jan. Does anyone out there have a current projection of the peak day and price before ex-date?
Sweet!, I think we will close up today, a little selling going on right with line, holding steady at $37.15, but it hit $37.40 earlier. Monday should be a postive day. Meanwhile, watching KMP, $2.00 off and EPD $1,00 off.