Even the smartest of us and I'm not one, will riot at the very fact that you will have to pay the banks money to keep your funds there! Think about that most people want to kill the banks and bankers and all big institutions albeit ridiculously naive. I think to ensure a Sanders victory this would be the way to go. WIthin a year of course!
what matter? WHole mkt is selling of and most stock are following. Your fear and the rest of the country's fear is that there is something systemic going on which by the looks of it (read between the lines) FOMC Unemployment nos etc are if not bogus just not true. No one was making money accept the Street and now that is adjusting and the shorts are making money. Main street is still sucking wind and has been put on notice more pain to come with brainiac ideas like 10$ tax on oil instead of where it belongs at the pump a nickel or so that we could easily suck up and get some projects going to help stimulate the Economy.
That's not me posting that info, I just forwarded it so Is it that my comment is wrong "WEll I guess that's it" ,or are you saying that, the FACTUAL info is wrong and the implication thereof
Don't Cross The 'LINE'...Time To Avoid MLPs?
Last update: 05/02/2016 12:25:28 pm
The unrelenting storm of sagging oil prices is all set to take another casualty in to its fold in the form of Linn Energy LLC (NASDAQ: LINE), which on Thursday said it is exploring strategic alternatives to strengthen its balance sheet and maximize the value of the company.
But, the commodity pricing pressure and loads of debt would mean there is little value left for shareholders. Houston, Texas-based Linn recently exhausted its credit facility by drawing down the remaining $919 million, and now its total borrowing stands at $3.6 billion.
No wonder the shares plunged 61 percent on Friday to touch a new 52-week low of 47 cents a share. Shares of the company plummeted more than 90 percent over the last year, while oil prices have dropped only 35 percent in the same period.
Analysts, who were having some hopes on the company's turnaround until Thursday, have thrown in the towel. Stifel downgraded LINE stock to "sell" from "hold," saying it sees limited value potential in the current commodity environment.
Related Link: Bernstein Warns Of 1980s-Style Sovereign Debt Crisis Amid Oil Market Slump
Analyst Brian Brungardt, Jr., said: "While we previously viewed the partnership as being able to work through at least 2016 given the hedges in place and associated strong positive free cash flow, we see a growing likelihood the partnership may pursue the reorganization route."
In a regulatory filing, the company has revealed its board changed the severance plan which expanded the class of participants and added a provision regarding parachute payments under the change of control plan.
"In light of hiring a financial advisor, maxing out the credit facility, and amending its change of control package, we view the partnership as increasingly pursuing the route of reorganization or sale of the partnership," according to Brungardt, who now says the stock is worth $0.
LinnCo Also Cut
Stifel also cut LinnCo LLC (NASDAQ: LNCO) to "sell" from "hold,"citing that LinnCo only owns units of LINE.
As of now, the only possibility for Linn Energy is to file for bankruptcy, the analysts wrote. If the company adopts that path, it may abandon the Master Limited Partnership (MLP) format and convert to a C-Corp with the remaining assets.
If Linn files for bankruptcy, it could shake up the upstream MLP industry and investors need to keep a tab on companies such as Vanguard Natural Resources and Williams Partners as these firms have a similar structure.
If Linn goes down, it may also take the Street's hopes for the MLP space down with it.
glad I sayed away and sad I didn;t have a cajones to do some puts. Figured this might happen
Funny thing the two times I did that (two other stocks), I got taken out and the stocks rebounded immediately. It was like the MM's saw my few shrs down there and dropped down to grab them :-) But it is prudent agreed.
You can't buy unless someone else is selling it's a trade with one side buy one side sell. Stock market 101!
Seems to me you either like the fact that he was effing over his people going to rebuild his arsenal and continuing to be a threat to all the other nations in the region or You decry the poor people being abused by dictators but as long as it doesn't come t your doorstep you are quiet. So which was it it was ok for him to be in power or not . You might also remember he had a bounty of 25K on any American killed . Now legally in the real world that's conspiracy at the least.
They don't support, Hezbollah and Hamas and are passive supporters as in give them money they will leave us alone, unlike Iran and "Death to America and Israel and and yes You Too! Unless of course you are neither American or Israeli or Christian, Buddhist, Taoist or some such! Oh there's something in there about nukes too, help me out there won't you buckshot.
If you want to go back in time allow me
Everyone knows the lynch pin to all this is state sponsored terrorism is Iran. Hamas,Hezbollah etc, they are all linked. Enter Jimmy Carter and "AH have lusted in Ma heart". Let me help depose the Shah and get the Ayatollah rock"n" rolla reinstated. These are the very monster the Shah was keeping in ck. That's where it really re-started. I say re-started because a little thing like WW2 what with the #$%$'s and their cozy relationship with Islamist going back to WW1 had things quit stirred up in the Mid East. Then comes the Soviet Union and their attempt to gain control and it was where we had to make a stand because Roosevelt refused to enter Europe through the Balkans like Churchill recommended. That my friend is why we were there in the first place and it was working fine until the Peanut Farmer got involved, another Nobel Peace winner by the way!
Sadly I know and I wasn't lamenting the thumbs down just trying to make a point that in the human psyche it is like "deer in the headlights" You just can't believe it which reinforces why you Wont' believe it. Happens all the time were all subject to it.!
how are you calculating that no? the offer price was 10.50 for early entry and then 11.00 for later, after reverse split that's 22 max not counting the spec div etc. Again it depends on how much aple 8 you had which was discounted by 15% to merge in the the aple reit which is 7,8and 9. I am interested in your accounting.