Wonder if the Russians will return the 1 million German POW's that disappeared when they went into captivity towards the end of the war. They marched off to POW camps and never returned.
Of concern, this is the second oil spill in California for PAA in past year. That's just fuel for lawsuits. Could be portrayed as a company that puts profits before safety.
Does ROYT have any operations in Santa Barbara area ? With the oil spill, the concept of banning oil production in general may raise its ugly head again. The oil slick is 9 miles and spreading right now and there will be a backlash.
And we also need world peace and a cure for cancer. Then and only then will Exxon get interested in Linn.
You are dreaming. Exxon has no interest in Linn Energy. It would be an apples and oranges deal. Not going to happen.
Goldman is for short term traders. Go short oil, project oil prices to go down to $45, make a boatload of money, cover your short, update your projection to $75. Its a very old game and Goldman has been playing very well for decades.
Moron, Linn has sold nothing to Blackstone. They get Blackstone to fund some development in exchange for a share of the profits on that production. Define "a lot of production".
Using equity to pay off debt (credit facility) incurred to pay off debt. (Senior Notes) Notes were trading at a huge discount so Linn went out into the open market and bought some. They used their credit facility to pay for it. Now they are issuing equity to pay off the credit facility. Don't know if it was by choice or at the insistence of their creditors.
"But the Berry deal was a huge winner. Swapping shale properties at exactly the right time. " . . . . . The BRY deal was a stock swap. Shares of LNCO for shares of BRY. There was no shale properties involved. And Ellis bumped up the number of LNCO shares when he "chased" the deal. LINE paid too much for BRY, way too much. The 20% unhedged oil that LINE has is the BRY oil.
Mark Ellis has shown with the BRY deal that he doesn't understand how Wall Street works. He is demonstrating now that he doesn't get it. This deal has been in the works for awhile, its retirement of debt incurred to retire debt and has transpired over the last few months. He could have given people a "heads up" on the last conference call, if he had a clue.