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Linn Energy, LLC (LINE) Message Board

bjbandassoc 4 posts  |  Last Activity: May 22, 2014 7:08 AM Member since: Aug 16, 2012
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  • Reply to

    Congrats to the strong hands!

    by lordofdoggtown May 21, 2014 9:33 PM
    bjbandassoc bjbandassoc May 22, 2014 7:08 AM Flag

    Couldn't be so lucky. The opportunity to buy a stock that goes down on great news doesn't happen every day. So, if it does, even though I don't want more LINE/LNCO as I have a full position, I would buy more if it goes down in the coming days. It's undervalued IMO already, but with a more securely covered distribution, it's even more undervalued.

  • bjbandassoc bjbandassoc May 15, 2014 6:45 AM Flag

    Every stock in the market could be down in two years, but at least you get 10% of your money back every year with this one. So, the real question is "are you comfortable that their business model will continue to deliver the distribution and additional accretive acquisitions over time?" If it does, then, the stock is highly unlikely to decline over time unless interest rates rise to where a 10% tax-deferred distribution is not very attractive and acquisitions are difficult to fund, or some other macro-environmental factor impacts the sector, like government intervention into hydraulic fracturing, lower energy prices, etc. These LINE-specific concerns expressed by Hedgeye and others are simply not of concern to me, as I think they simply ignore the facts to make a negative point.

  • Reply to

    New SA Hedgeye propaganda

    by luvtcatpopis May 15, 2014 5:39 AM
    bjbandassoc bjbandassoc May 15, 2014 6:31 AM Flag

    Kaiser, Barry (Barron's) and others beating this drum were discredited entirely by the SEC's approval of the BRY deal with minimal changes in terminology re: LINE's accounting/reporting. Now that they are down to just interpreting the business, it's kinda fun to watch how they twist reality to attempt to make a negative point. It makes me wonder if the author has no idea how to evaluate a business, or if they have an axe to grind. Either way, the lack of credibility of Hedgeye causes these types of articles to simply fade into the wordbook, unlike before. Long and enjoying my distributions with an expectation of capital appreciation over time as assets are swapped or sold and other accretive acquisitions pursued. GLTA

  • Covered my $12.60 trade at $15.00 a couple of weeks ago. Heading into earnings, I took a 60,000 share trade at $13.55 this morning. While the stock could head back down to the mid-$12's, IMO it is more likely to move back towards $15+ with strong earnings and guidance relative to expectations. Despite the favorable court judgement yesterday, the stock is down in a bad market today for no apparent reason. GLTA

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