MAJOR inside buying will get things going, too. Merger... upgrade in credit rating... Fed announcement... insider buying... Sounds like good news to me!!!!
with the FED calling for low rates for the foreseeable future? That will bring MLPs back into favor again. You watch. I think it was a good call. I look for LINE/LNCO, as well as many others to start to rebound shortly.
not sure we need a div increase any time soon... with the shares going a such a discount price now. Shares at this price are better than a div increase! Can't wait for Jan div already. Hope the price stays down til then!! I DO expect the Feb report to be very very good. THAT will kick up the price/share.
I am not offended. Cranky-buzzard is playful yet serious, too. I am semi retired. Have been in the banking/investment industry since 1975. Have seen many successes in my career choices. LNCO is my way of lining up the stars for retirement income, yet, with a serious outlook to the future. As the term goes; "Growth and Income".
My shares through Scottrade for the merger showed up this afternoon.
Have a good day and great Christmas/Holiday season.
I took my Christmas bonus and bought MORE shares of LNCO just now... No regrets here... but yes, its been a rough year holding LNCO/LINE shares. I think what is going on... as I have not even gotten my BRY shares to LNCO yet (tonight after the close)(Scottrade).. is the folks with BRY that didn't want the merger in the first place are selling when they get their shares. Let the dust settle... and we'll go back up.
I did some of that, too... but expect it represenst some dellution because of the ration required to complete the transaction. I am not worried about it.. As I also have drip to LNCO with my LINE and LNCO shares.. There will be a nice price on Wed. I have Berry as well.... no disappointments there either. Can't wait for the div next month.
that's my thought, too........... lock and load. The future looks bright. I have Berry, too.... so I am not unpleased! LOL
Sentiment: Strong Buy
Everything I read and hear is that BRY is quite happy about the merger. I think it will be a great marriage.
Sentiment: Strong Buy