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Linn Energy, LLC (LINE) Message Board

bzusa6 17 posts  |  Last Activity: Feb 26, 2015 11:28 AM Member since: Mar 14, 2000
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  • Anyone know when turnaround scheduled?
    Nice earnings report, though they had more oil in inventory than I imagined (or it's accounted for differently).
    I've been buying and selling since around ex div time.
    No div for me. Thought trading was a better option, but I think I'll get in on the next one.

    The PADD II cs has skyrocketed from dismal to just fine and is on a steep upward trend (but not as good as the West Coast cs -wow). If turnaround has already happened, great, if not, I hope they wait as long as possible. Maybe it will go quickly because "We elected to perform a handful of maintenance activities at our St. Paul Park refinery during this time (late Q4)." (annual report )
    Good luck to all

    Sentiment: Buy

  • Reply to

    PBF reports

    by jrad52 Feb 12, 2015 9:44 PM
    bzusa6 bzusa6 Feb 19, 2015 10:16 AM Flag

    $700 ($690) MILLION in inventory non-cash inventory loss combined with a recoup gain of $280 mm in taxes-

    If their cost was $100/bbl and it's now worth$50/bbl then they had 14 MILLION bbls of crude oil in storage.
    NTI has about 1 MILLION bbls of crude oil storage capacity.

    Sentiment: Buy

  • Reply to

    crack spreads suggest lower dist this Q?

    by bluedreamdreamer2 Feb 5, 2015 2:42 PM
    bzusa6 bzusa6 Feb 6, 2015 10:23 AM Flag

    Why do you state that NTI held "little to no inventory"???
    They have the capacity to store 800k bbls crude.
    If these tanks were almost empty on 12/1 then NTI saved quite a bit of money - if they were full, the drop in inventory value would be huge ($40*800k)

  • Reply to

    western refining guidance

    by davidfranklin350 Feb 4, 2015 12:39 PM
    bzusa6 bzusa6 Feb 4, 2015 1:58 PM Flag

    rather - NTI is an affiliate of Westen

  • Reply to

    distribution announcement date?

    by bzusa6 Feb 3, 2015 3:52 PM
    bzusa6 bzusa6 Feb 4, 2015 9:56 AM Flag

    Check out Dilma, pres of Brazil - she'll cool your jets.

  • Reply to

    distribution announcement date?

    by bzusa6 Feb 3, 2015 3:52 PM
    bzusa6 bzusa6 Feb 3, 2015 5:09 PM Flag

    Thanks purely evil, that's later than normal, now I have to hold off longer.

  • anyone know - about now would seem right.

    Sentiment: Hold

  • Reply to

    Valero and Philips 66 report

    by jrad52 Jan 30, 2015 9:04 AM
    bzusa6 bzusa6 Feb 3, 2015 3:50 PM Flag

    higher maintenance costs

  • Reply to

    Current Book Value 13.05

    by textd Jan 13, 2015 6:07 PM
    bzusa6 bzusa6 Jan 16, 2015 12:33 PM Flag

    that was BV on 12/31, It's certainly a lot higher now -
    Both the 10yr and 30yr are down 20bp since December.
    And the cost for the money ORC borrows to buy the 10 & 30 has fallen even more (by percent).

    Sentiment: Strong Buy

  • Reply to

    Continuing downtrend of mortgage rates

    by jackhilr Jan 14, 2015 7:27 PM
    bzusa6 bzusa6 Jan 14, 2015 7:59 PM Flag

    Today a REIT makes the investment at the lower rates using money borrowed at even lower rates (percentage wise).
    Not only has the BV of existing paper gone up, but so has the spread between the new paper and the new capital.
    That's what's happening right these days.

  • Reply to

    January looks great for REITS

    by bzusa6 Jan 14, 2015 11:37 AM
    bzusa6 bzusa6 Jan 14, 2015 3:10 PM Flag

    As long as the spread between a REIT's borrowed money (2 & 5 year rates) and the mortgage rate (10 & 30 year rates) is increasing, let-em refi.
    That spread has increased over the last two weeks (had been stable or decreasing until then -ugh).
    We should have hit bottom.
    Sounds like someone's been listening to a talking head fretting about refis and quoting the December discount numbers.

    Sentiment: Buy

  • 10 & 30 year rates down significantly - BV should be much higher.
    2 & 3 year rates down even more (percentage wise)- So the spreads should be improved
    What's not to like?

  • Brazil permitted an increase in gasoline prices at the pump in Nov. These prices have not decreased since then while crude has fallen 50%. PBR sells almost no crude in the international market.
    PBR also buys quite a lot of refined product in the international market for domestic consumption .
    Petro products prices have also fallen 50% internationally.
    The Brazilian government can't help but f..k things up but PBR should be rolling in the dough - though I'm fairly sure that private investors in PBR won't see much of those gains.

  • Reply to

    Horrible quarter

    by wahoo99421 Dec 19, 2014 9:10 AM
    bzusa6 bzusa6 Dec 24, 2014 5:29 PM Flag

    I does seem strange that bv dropped $.12 (2.2%) for the first 2 months of Q4 since the 10 and 30 rates were a bit lower than in Q3.
    I do expect that bv will be higher in the final q4 announcement since the 30 yr rate has dropped 17bp since the first of Dec.

  • Reply to

    IR heard me --- Money's in the bank

    by bzusa6 Dec 15, 2014 6:27 PM
    bzusa6 bzusa6 Dec 15, 2014 6:33 PM Flag

    Up $.97 after hours - I got that piece from the IV BRY board (moneyonomics)

  • Linns liquidity after last two property sales and its term loan restored from re determination

    HOUSTON, Dec. 15, 2014 (GLOBE NEWSWIRE) -- LINN Energy, LLC (LINE) ("LINN" or the "Company") and LinnCo, LLC (LNCO) ("LinnCo") announced today that LINN has closed the previously announced sale of its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest, Ltd. and FourPoint Energy, LLC at a contract price of $1.95 billion (the "Granite Wash sale"), subject to pre- and post-closing purchase price adjustments.

    In addition, on November 14, 2014, LINN closed the previously announced sale of its Wolfberry positions in Ector and Midland counties in the Permian Basin to Fleur de Lis Energy, LLC at a contract price of $350 million (the "Permian Basin sale"), subject to pre- and post-closing purchase price adjustments. These sales are expected to be tax efficient upon successful completion of a reverse 1031 like-kind exchange.

    The Company intends to use combined net proceeds from these sales to repay in full the $1.3 billion term loan, which is the only remaining interim financing from its $2.3 billion acquisition from Devon Energy Corporation which closed on August 29, 2014, and reduce borrowings under its revolving credit facility.

    Previously, LINN's borrowing base was reduced by $275 million in connection with its $1.1 billion unsecured notes offering in September 2014. As a result of the redetermination, the maximum credit amount under LINN's credit facility will be restored to $4.0 billion while Berry's credit facility will remain unchanged at $1.2 billion. The maturity date for the LINN and Berry credit facilities, along with LINN's outstanding $500 million term loan, is April 2019.

    Following repayment of the term loan and a portion of the indebtedness under its revolving credit facility, LINN has pro forma liquidity of approximately $2.4 billion as of Septem

  • bzusa6 bzusa6 Dec 15, 2014 1:48 PM Flag

    just about anything would be better than the nothing they have put out.
    If LINE is in going bk, fess up.
    If they are not getting paid in Dec for the recent deal, fess up; if the $$ is in the bank, fess up; -
    A major lack of relations from Investor relations -

12.02+0.06(+0.50%)Feb 27 4:00 PMEST

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