SEC - 4's filed today by Mark Ellis with purchases of 369,980 and 123,330 and 14078 shares allocated for tax purposes. Also Whelan Arder jr purchases on 128,078 and 42,690 with a 4239 allotment for tax purposes
Davis you have nerve, you've been pumping this dog of a stock for over eight years now; always babbling on how RAS is a bonanza for the long term investor, I've come to assume you day trade regularly for a dime or two after you post your pumps
You should be a little more retrospective and seek some forgiveness for all the novice investors you've led down the path to losses with your constant pumps of RAS.
Like I said people that sold last month are coming back in again after a 30 day waiting period that was necessary to establish a loss in the IRS's eyes
I think people are realizing LINE is way oversold and investors that sold in December and established thier 30 day tax loss are now buying back in
I brought this article out in December, at that time technical analysis determined it Line was oversold its even more oversold now
Linn and several other O&GE companies were mentioned today in a PR Newswire (9:15 AM) indicating that they are due for recovery. Thats when LINE jumped
I have additional $10 strike call options bids out, I can't see anyway OPEC won't reduce production quotas in thier next scheduled meetiing which is in June of this year
I bought some July '15 $10 calls, maturing right after the OPEC June meeting, if they don't reduce production before the meeting, they will definitely do it then
you like talking about yourself in third person don't you, it must inflate you pee-wee ego and matching brain
Good info, this reassures me that things are OK at Linn, the Rockov I assume has many options and/or warrants to buy additional shares so the sale is quite uberstandable
Two factors today (1-22-15)......1).Bloomberg pole indicates that majorit believe that OPEC will "Blink First" with its battle with the Shale Producers
2) OPEC Secty General was interviewed the other day and stated that oil will never trade in the $20's and that the normalized price for oil should be $70
Where does it say in accounting that you have to adjust your long term assets (oil fields) for depletion on a quarterly basis, i.e., the pumping of gas/oil from your fields?
The book value of Linn was $14.86 per share as of 9-30-14 at year end it will reflect any mark tio market valuation upwards to its hedges minus any divideend disbercement
She also refers to Sam Stoval who state "when small cap energy stock have been beaten down to todays' extent the ensuing rebound has typically been dramatic"
She notes that "many experts say that the bloodbath has been overdone and that now is an opportune time for investors with a high risk tolerance to start nibbling on small cap energy stocks"
You'll see if happen when OPEC has their next meeting in June '15 when they reduce their production quotas form 30M barrels daily, so longs just hang on. They may call an emergency meeting but the're all on board to squelch the shale producers