If the Linn model holds, there should be some kind of an article in Barrons in the next few days that repeats what Hedgeye has said. Then a couple of SA articles that repeat the same nonsense, followed by another Barrons article. Then the bottom feeding lawyers get involved. Its not over yet, this is just the end of round 1.
Linn Energy just announced they are filing an amendment to their S4 and have set the record date for merger of Sept 30th. Looks like merger may actually go through. I assume the S4 amendments are to resolve any issues the SEC had with merger as a result of their inquiry.
Now you know why analysts are #$%$. They know less than the average investor, they're right out of some grad school and just engaging in CYA.
They just announced they are adding Sunoco Logistics and dropping LINE from their ETF. Does anyone know how many shares AMLP has in LINE ? LINE is not one of their top ten holding so its less than 4% of their total holdings, which means less than 1 million shares. On Sept 20th they will rebalance so whatever number of shares they hold will get "dumped" on the market. Could be a short term negative.
That's exactly what happened. Its a "just because" event. The SEC has to be seen as doing something, and this is "something". Its a cover your #$%$ moment by gov't employees.
This guy gets paid "per click" for everyone that reads it. The more sensational, the more readers. Think of it in terms of "The National Enquirer" placed at checkout lines with sensational headlines that, more often than not, are distortions. How many times has Jennifer Aniston been pregnant ?? 10, 20 or more times ?
If the merger does not go through, BRY stock will drop more than $6/share. Don't forget BRY shares popped when merger was announced.
Linn Energy will certainly have a great deal of volitility near term but if patient, there is upside to an investment in this company. With or without the BRY merger. The SA article was an intelligent attempt to explain whats going on and what the future of Linn is. However, most people have already made up there minds and facts don't matter.
Don't forget that Cramer has been banned by the SEC from trading on Wall Street for his hedge fund activities. That's why he has this "Charitable Trust". I don't trust Cramer to be honest about anything.
When the Supreme court removed campaign contribution limits it became possible for the rich to openly buy congress. All it takes is money to get elected and re-elected. These nut jobs in Congress are not going away. They are responsible to only a few wealthy people and as long as they keep these few wealthy people happy, they will stay in Congress. Its a sad commentary on our Democracy.
40% of Americans don't have health insurance. Get your facts straight.
These farmers need to realize that they are receiving a gov't subsidy, just like the people receiving food stamps. Maybe then they will be able to show a little compassion for those less fortunate.