Ops I could be wrong but I take the partnership with gso as what they mentioned months ago when stating that the Permian properties were for sale and some they wanted jv's because of the expense of drilling.The terms I agree don't look too good but isn't gso taking most of the risk?
Baird went out on a limb and set a 10 dollar price target.You just can't trust these men of Oz behind the curtain.
Started re investing distributions this month.First time I have done that for LNCO.For the record my basis is 23
Remember Libya came back online the Saudis picked up the extra 700k bpd to makeup the drop now they don't wanna give it up.It does seem odd that this oversupply was like a jackinthebox popping up at this time.Also the mother of all shorts on oil was put on months ago so this could be extending the price down a bit.Just a guess
3 things come to mind recently.Feds ethanol mandates,Feds looking at more Big bank restrictions dealing with commodities (essential commodities not gold or silver)lastly more companies like Billiton exporting condensates without permits as loosely worded refines.
Bigbear good to see you again.I assume you still have some Lnco?I just entered a small position here as the mid east warms up again I don't think the fed and us treasury will mess up their laundering scheme on Freddie and Fannie paper.Been reading Brad Thomas on different reits I finally last month bought a little UDF sold 1/2 when it moved my basis on rest is low enough.What a ride we had with Line.I still like it along with bbep and have a little ARP.I have a feeling atls and ARP may go the way Kinder did who knows?Good luck and all the best.Fezzy
Don't know other than they could be keeping lid on for more bang for their buck.