It looks like Oil prices have bottomed, and will slowly rise this year as the market comes into balance in 2017. The companies that survive this storm will thrive in the next few years as Oil prices climb to realistic levels. Wall Street has written off LINE as finished, maybe so, but they still have some options left, and it seems best that they hang in there for the oil recovery that Will surely happen, and fairly soon. IMO.
the real deal is Oil is going higher fairly soon. The Massive drop in capital spending and much lower drilling will ramp up prices. LINE should hang tough, and not ruin the unitholders. Time is NOT on the lower Oil prices side. That time has passed, ...and we all took the hit ! Ouch !!
Oil prices will rebound fairly soon , and a pre packaged deal like PGN did may work for LINE. Bond holders & unit holders must take the hit, and have done so already. So, the PGN deal is something that is realistic for LINE to do to keep LINE afloat and clear the deck of a lot their debt. And then start to rebuild the company and it's balance sheet, the "Smart" way this time.
The Smart Oil players will be snatching up oil assets on the Cheap soon. It is truly survival of the fittest now in the oil E&P business. The question is.. can LINE survive this terrible storm ?? Many think LINE is finished, but I am not so sure of that due to their hedges that are working nicely to keep them positive cash flow for a while longer. LINE has way too much debt, that is a given. But in my opinion they have some time to survive this massive oil price downturn. We will see how good LINE management really is, quite soon. That is for sure.
Screw the shareholders, while taking personal bonus checks. We will see if this management team has the "right stuff" to save LINE & the shareholders, or if they are just another group of greedy thieves lining their own pockets. Time will surely tell & fairly soon.
Too much debt is killing many oil producers, esp. LINE. Debt is a Killer of dreams, and I hope many Americans will wake up and see the Democrat Socialist fools for who they really are, blow bags spending ALL of us down the drain.
LINE debt is very high. Oil needs to move much higher fairly soon, or it may be over.
Our stupid Government headed by the fool Obama, is doing the same overspending and buildup of massive debt that many oil companies had done. Well, it never ends well does it. Massive debt = Disaster. The Socialist Democratic party should be soundly rejected by the American people.
LINE is paying the price for taking on way to much debt. Over 10 B ! Wow, now Oil is flooding the market and crushing oil prices. LINE is running out of time (when their hedges come off) BIG trouble, that is why it continues to tank. LINE may survive, and maybe not. Risky bet here.
It is high time the management team earns their millions ! Oil prices may stay LOW for a long time. Saudi Arabia wants US shale oil producers Smashed, and they are doing it right now. WTI below $40 now !
a nice steady increase in deposits and earnings is good to see. The new Nazareth branch is coming soon and should draw a nice deposit base. This branch is in a very good location, and Nazareth and the surrounding area has plenty of money for the branch to be quite successful. The EMYB PE ratio is only 11. This stock is cheap right now. With interest rates on the rise, this bank is a great opportunity, ... buy the stock right now.
Sentiment: Strong Buy
LINE will become just a memory, sadly. Oil prices may stay low for much longer than many people think. The Saudi's want U.S. oil shale producers smashed, and are willing the build debt of their own to do this. LINE must be creative and smart to get the debt load off the balance sheet. LINE management has no time to waste. LINE management MUST reduce the bloated LINE debt load NOW !!
Saul Alinsky would be so proud of his liberal Democrats destroying America !
and NOT a good one !!
and then LINE can get back to reinstating the distribution and growing it. High debt can kill the whole company if it is not reduced now. Smart management looks ahead, and LINE has done this. Oil prices will recover, and so will LINE.