Oil nowhere near the $60 mark, nor is NG nowhere near the $3.50 mark required (per LINN) to keep the distribution intact. I predict it gets cut to .05 per month. Everyone is literally fighting for their lives at this point.
there is no question LINE will cut again. Everyone is fighting for their very lives now. And many will end up dying. Sad but true
STOCK has nose dived ever since the presentation on Monday. Obviously the fund managers are not impressed at all with this company or it's management team and their decisions.
With this and the Blackstone deal LINE is getting ready to pounce on some insolvent companies. Decent move today, but tailed off too much into the close, and the volume was just not there at all. Need more juice.
Why aren't you Doubling down here to get that cost basis down? Longshot for break even but it's worth it at this point
Not safe at all unfortunately. Distribution is based on $60 oil and $3.50 NG. We're a long ways off from both.
What's really hilarious and ironic is that I can't see what opinions says because I have him on ignore. Is he offended you accuse us of being the same person? Lol
There's no ledge near the McDonald's over here. How am I supposed to get to the ledge??
Not as heinous a number as usual, but still another chunk of rigs taken away. Rigs now off 49% from high. Experts say 60% could be bottom. So we have another 160 rigs to go.
I believe this is a record high gap between the two? I don't think I have seen it the gap so large. Beyond bizarre. Is the market this disjointed and disconnected?? Geez.