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Linn Co, LLC Message Board

holew 2 posts  |  Last Activity: Feb 10, 2016 1:09 AM Member since: Nov 25, 1999
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  • Reply to

    Feels like the train is leaving the station

    by polygeo200 Feb 4, 2016 9:52 PM
    holew holew Feb 10, 2016 1:09 AM Flag

    In another 12 months you will wish you bought had bought here. The sky isn't falling and oil is still the most used energy source in the world. Don't forget this.

    Also don't forget that in the 1970s predictions were made that the world would be nearly out of oil by 2020 and what oil was available then would be over $200 a barrel. Here we are 4 years away from 2020 and the call is for $20 oil.

    Also EPD is going to profit from the recent change in policy allowing the export of crude oil. That oil will be shipped from Texas ports. EPD is the main pipeline serving the Texas ports from which the oil will be exported. So don't give up!

  • I presently own some Vanguard bonds and a few shares of Vanguard preferreds. While I am optimistic that Vanguard will survive the safest way to invest in VNR is the bonds. If the worst happened the common shares will be worthless which the bond holders will come the new owners.

    The elimination of a dividend on common shares would be a positive for bond holders since it would free up funds for covering the interest on the bonds.

    Those who might be interested in purchasing VNR common shares would do well to check on the bonds which are safer.

    The 7.875% 2020 Vanguard Bonds are currently priced at about 55 with a yield to maturity of 25%. My only cause for some apprehension is what would the bonds be worth in a bankruptcy. Does anyone here have an estimate on this?

LNCO
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