I think Robert J Garbarino must have gotten loose from his chain. Find him and lock him back up.
Unfortunately, the creditors will view Mark Ellis as valuable now in BK. The creditors will not be able to get the maximum value out of Linn Energy without Mark Ellis. Sad but true. He'll probably get a large bonus package to ensure he sticks around.
The only thing worse than lawyers is penny stock spammers. No value, no integrity, no morals. Describes both lawyers and penny stock spammers.
ISH has a short term liquidity problem. When they failed to make interest payments their debt became due and payable. They have to come up with 120 million. ISH has 300 million in asset values. ISH needs to unlock some of that asset value to pay their debts. Hence, they have hired a company that specializes in unlocking value through various debt / equity / refinance alternatives. Its too early to tell whether they will be successful. Worst case is BK, sell off all the assets, pay off all the debts, with a little left over for equity owners. (Not much, just a little)
Linn has a negative net worth due to its debt load. Why would anyone buy this company ? This is the type of company that you buy the assets, at depreciated value of $0.30 - $0.40 on the dollar. Creditors will get "some" of their money back, equity owners get nothing.
I think news leaked out yesterday, which would explain MSB shooting up yesterday. Its not hard to buy a federal employee to get news early. Just look at the oil inventory reports. They come out on Wednesday but oil trades on Monday as if people already knew what the report was going to say.
Bunch of investment grade dividend payers. Waiting for something to give, one way or the other. Best investment so far this year has been WY. Pure play on lumber and betting on housing rebound.
I'm assuming you have a source for your statement ? And how do you define "smart money" ? Pumping is not a valid investment strategy.
Your math is still off. Its 16.42% of 90,000 barrels. When the math is done in the proper sequence the results are significantly different from what you have.
If, might, perhaps. Speculation on what is possible, not what's being done. If volumes through the pipeline drop from 2mm/barrels a day down to 100k/barrels a day, do you really think BP/Exxon/Shell are going to spend any money on the pipeline ? They're going to pull the plug and put their money somewhere else. The pipeline is an expensive luxury that oil production volumes no longer support.
The only thing lower than Mark Ellis are the lawyers that will now start circling the waters. These '800' number lawyers are the modern equivalent of "ambulance chasers". They are #$%$ of the first order.