The next step for Linn is a sale of company. At these stock prices, the buyer is getting book value of $12 for $4. Of course Ellis gets a "golden parachute" to walk out the door.
Based on proven recoverable reserves, divided by monthly production, equals @ 20 years of life left to the trust. Not counting any new development that the parent to this trust might undertake that would add to proven recoverable reserves. (Source is their website)
Ruger, Smith and Wesson, Winchester, just to name a few that benefit from this gun violence. Just saying, within every tragedy there is opportunity.
And what happens if the value of Linn's assets drop below the value of the outstanding debt ? Its not to far off right now.
This country has not built a new oil refinery since 1974. Refineries are operating at 95% of total capacity right now which is historically very high. If demand is equal to or exceeds supply of refined product, what happens to price ? That should answer your question. Gas prices should drop in the fall when demand slackens.
There are some very interesting oil trusts right now. All time lows in stock price with tremendous upside. And none of these trusts have debt.