line may be one of only a few MLP's able to do a 525 million purchase, and with oil at record highs line may be paying up to out bid others in the deal. (read paying to much)
however it is the best thing that line can do to right the ship and get back to what they do (buy assetes, punp oil and gas and drill)
trying to find an "acceptable" cleaning service to get rid of ugly black oxidation but not degrade the coins value. does a dip into silver polish result in "bad" cleaning?
most of my coins are far below 500.00 I am not a big fan of "toning " but the gold and blue tone's do look nice. I will be going to a coin show this week end (orlando) and maybe pgcs will be there as well as others.
thank you for all your help. hopefully I will walk around the coin show and see ngc or anacs and get their opinions some of my coins that I need "cleaned" are silver eagles that were not stored in air tight containers. my most expensive coin is a 1883 cc ms ?? and I am thinking to get it graded
I think the offering price will be 19.50 or so with that yield will be .11% price may drop below that offering price and that is when to buy and still get the dist.
latest spo was 300+ million, and now new notes add 300 million of cash back to memp latest purchase was about 600 million so they are ready to find some more ac creative buys before year end.
I think he meant that with Nat gas down now may be time to buy them next year we will start to export LNG .... that and we only hope the companies we own can work wonders... lol
both line and lnco have options that will allow to short one and go long the other at the moment the premiums may be elevated so watch what kind of a trade you make.
I think line can hold the mid 20's even without the Barry deal going thru just to have the uncertainty cleared they can expand else where and get back to buying a creative properties (may be not increasing the dist as fast as we would like to see it )
I sold the nov 30 calls the good thing about all the "new and rumors" is that pushed up the premium.... if you own the stock you are getting 10+ % one the stock and if you can clip another 15-20% with either weekly or monthly options we can sleep a little better
on the other hand the nov 2 options are very very active with almost all of the open interest calls trading by 11:00am this just may be people profit taking and rolling out, and maybe up, till more questions are answered.
in any case nice to see line popping up here.
Berry is trying to get LINE sweeten the deal to make their shareholders feel better and lest we don't forget Berry has a bunch of lawyers trying to get a class action lawsuit(s) that stated berry did not market themselves as good as the lawyers thought they might. a pot sweetener will make those go away. the question for me as line holder, is how much will they have to go and then how a creative will it be to line and LNCO
the biggest problem with giving NTI drop downs is that they are really not equipped to raise capital except to sell additional units. this has not worked so well in the past as the previous owners sold their units (at a discount to market) also the other refineries are not in "crude advantage" locations so that NTI will have to "average out" the cost of crude more so than now.
I am still short some of the 30 calls (covered) and will let the shares go if higher than 30 tomorrow. I think line paid too much for bry and will write puts until they sort things out. that said, the volume in the nov 30 calls are probably people that are covering and rolling out options and not wanting to pay the taxes on a stock sale,
I sold some dec 20 puts short if they get put to me I will have paid 19.15 less commissions I did this on the last secondary offering and it closed above 20 by nov exp date..