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.
"Why again did Obama purposefully take away all the American jobs in energy": . . . . He also caused it to rain on my golf day. What else can he be blamed for ?
I think the only solution is for you to go down into your bunker and lock the door behind you. I'll let you know when its safe to come out.
You need to look at 1986 as the model of what's happening now. Recovery of oil prices to normalized levels, $75-85/barrel, won't happen for at least 3 years. Before that happens, the Linn bond holders will extract their pound of flesh from Linn. There is value in the bonds, at the right price, but equity holders won't get much, if anything.
Simplistic Moronic post. Give your crayons back to your Mom, its time for school.
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.
Goldman used to have a very large oil trading desk. They were large enough to move the market. They have closed this oil trading desk and no longer move the market. But they still have a few clowns that make these predictions of where oil prices are going, with no real basis for their predictions. Goldman is no longer a market mover in oil. But their off the wall predictions make for good press.
Why do you keep posting the same thing every week ? Do you really think that posting on this POS message board is going to move the stock price ? I think you are short MT and just massaging your ego with posts that constitute wishful thinking. MT is not in trouble and there is no issue with debt covenants. The steel market goes up and down with world economies and we're in the down part of the cycle. In two years the cycle will be moving in the other direction and MT will be a star performer due to the cost cutting and systemic efficiencies they have implemented during this down cycle. And you should know that rating agencies are a trailing indicator of performance, not a leading indicator.
The strength of America is the right to vote. Its also a weakness because feeble minded people's votes count as much as well informed intelligent votes.
Quarterly profit of $111 million but hedge gains of $550 million. Take away the hedges and they lost $439 million for the quarter. Oil hedges run out next year and Nat Gas the year after. Prices better recover soon or LINE goes under.
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.
You're really out there, aren't you ! What's next, aliens invade Disneyland ?
Take your mind numbing blinders off. China offers low cost labor and minimal business regulations. Would you suggest that the CAT workers in Illinois start working for $2/day ? Then maybe we dump all the rules and regulations, just for CAT. Maybe we tell them they don't have to pay any taxes ?? Corporate greed is greed. The CAT CEO will probably get a big bonus and stock options for cutting jobs and moving them to China.
Cat is building a new assembly plant in China. Funny how they are going to be cutting back jobs but building a new plant in China. Maybe what they're doing is moving jobs from the US to China and hiding behind a smoke screen of "restructuring". GE is doing the same thing, building their new plant in India. Expect GE to announce a "restructuring" soon. Obama has nothing to do with this, its just corporate greed and has been going on for the last 30 years.