Oil would have to rise to over $100/barrel for that to happen. Remember, Linn already averages over $80/barrel for their oil because of their hedges. Linn is broken and all the kings men can't put it back together.
One important fact about XOM, they sell their gas at their stations for a $0.22/gallon profit. Doesn't matter what the cost of crude is. They pump, refine, distribute and sell their products and reap the same profit, regardless of input costs. The same is true of all their petro-chemical products. XOM's strength is the fact they are a vertically integrated company with vast numbers of retail outlets, worldwide. Even if their reserves run out, XOM can buy crude to input to their refineries. I wish they would go back to giving our glass ware with a fill up, or maybe a free carwash ?
Old news, Saudi's have already stated they will not reduce production. Rejected Russian overture. Saudi's hate the Russians and the fact that low oil prices are hurting Russia is good news to the Saudi's.
You're really out there, aren't you ! What's next, aliens invade Disneyland ?
"America's populace is against the Iran treaty" . . . I doubt that any Americans have even read the treaty so their stands for or against the treaty is politically based, not reality based. These are the same Americans that couldn't tell you the three branches of Gov't, and still think Obama's a muslim.
Please list for me any of "America's few remaining trust worth allies". We buy friends and when we stop paying, they stop being friends.
China has spent $10 billion to develop Russia's Siberian gas fields and pipe it to China. They signed a 30 year agreement. Japan has begun restarting their Nuclear power plants, eliminating the demand for nat gas that was used to generate power during the Nuclear power plant shutdowns. The price for Nat Gas in Asia has dropped 50% in the last year. Too many facts for you ?
The Saudi's own a refinery in Texas. They export crude to that refinery, 500,000 barrels a day. That's it. That's all they do. The rest of the Saudi's 10 million barrels per day go elsewhere, mostly to China and India.
Trump is an ego driven, selfish manipulator. In other words a politician. His claim to fame is his ability to work the bankruptcy system in this country to steal from investors and put money in his pocket. We need a statesman, not a politician in the White House. Electing him would be an embarrassment for the American people. Our strategic reserves are full and we have not added to them in years. Obama is not a muslim, contrary to right wing nut job opinions. You must get all your news from Fox.
All the Trustee cares about is getting the Trust expenses paid and making sure all the columns add up. That's it. Don't expect anything from the Trustee.
Pretty good, considering LINE has only traded 1.7 million shares so far today, or is that decimal point not a mistake ? If not, how do you buy 1/2 a share ?
ENI has discovered a new, major Natural Gas field off the coast of Egypt. Because of its proximity to existing ENI facilities, they anticipate being able to "fast track" the development of this field and bring it online within 2 years. This should put pressure on European Natural Gas prices and consequently change the LNG export algorithm that is being used to justify the billions of dollars of investment in US export facilities. Asian LNG prices have already pulled back 50% in the past year so projected profitability of US LNG exporting is declining. There are companies that "bet the farm" on a LNG price differential that is rapidly evaporating.
If you own 17,500,000 shares of LINE, you are a fool. You would also be in violation of SEC reporting requirements. I wonder if there is a reward ?