Lnco is hedged at $90 a barrel until out in 2018. What am I missing?
Source: Linn Energy
Sentiment: Strong Buy
What am I missing because I see that LNCO has a hedge on oil at $90 per BBL until 2018, right?
Share price = $3.13
Tangible Book value = $8.39 per share
Book value = $9.54 per share.
What a BUY!?
I doubt it!
See you on the short squeeze!
Squeeze is coming!
This is called a reversal. An upward trend has begun!
Patience! We have plenty of time before the oil prices matter!
Double down and squeeze a short!