"The FED's want to build a experimental windmill generator off the east coast" . . . Why ? There already is a wind farm going in off the coast of Rhode Island. In process, they're already building the turbines and putting the foundations in offshore. Last time I checked, Rhode Island was "east coast".
That was 150 years ago. What's your point ? It was projected in 1880 that New York City would be buried under 2 feet of horse manure by 1930. Funny how history changes.
MVO is a $2 stock, not worth the trouble to buy at $2 because of the small float. There are much better opportunities in the oil patch.
Out of date metrics. LNG in Asia and Europe are less than half of what you quote. The differential between US and Asia/Europe prices is diminishing, translates into less profit for export of LNG. Debt service for these LNG export companies does not go away however.
I'd say less than zero but it can't go below zero. MVO needs $35/barrel to break even and during the last quarter, Jan-Mar (Dec-Feb for production) the price of oil never got above $35.
The family has taken a trust worth 10's of billions of dollars and turned it into 130 million. Pretty soon the Rockefeller's will have to get jobs. What are the trust fund babies going to do.
21% return X 4 years expected life = 84% return on investment. Less than your principal amount. Why not just send me a check for 16% of what you are going to invest and we'll call it even. You can keep 84% of your money, put it into something else and you come out ahead on the deal.
Nobody likes to sell at a loss. Sometimes you have to bite the bullet and sell to avoid even larger future losses. Can't tell you the number of times I've thought "wish I had sold . . . . .".
From the trusts 10-K. . . .
"Finally, the trust acknowledged that a construction of a natural gas pipeline on Alaska's northern coast could "accelerate the decline" in royalty production. The economics of natural gas production could be more favorable than crude oil production. Making matters worse, extraction of natural gas would lower the oil reservoir's pressure, which would make oil production even more difficult."
Just because you might buy Linn at $0.35/share, it doesn't make it a bargain. They're just weeks away from filing BK. Equity value of Linn is $0.00/share