too many LT holders figure not worth selling maybe the new direction will pay off and we can after years break even tho would expect a reverse split before long SOOOOO thinly traded Good luck to fellow sufferers
@ 4c divy look for 75c stock Would have felt better if they just cancelled divy and hoped for survival and better days in a few years when oil etc recovered somewhat . Look at perpetual They did it, are paying down looks as if they will make it.. stock sub a buck but still swimming...
Thanks I had figured 40c and $5.40 as buying but did not and easily dropped below Guess will just wait Sometimes it pays to be chicken!!! will reste alert for 4 ...
put in order late wed Not executed My guess optimistic BS but survival crucial what ever they have to do LT, if they survive with 45 or less buck oil rosy in the long run ... signed in significantly at low 4s and hoping for LT survival and LT Profit
thanks LINN Energy (Nasdaq: LINE ) has announced the acquisition of oil properties worth $434 million, signaling its entry into the highly productive Bakken shale oil play.
Anticipating the Bakken acquisition from Concho Resources (NYSE: CXO ) -- worth $196 million -- to be completed by the end of March 2011, the company expects to add roughly 1,350 barrels of oil equivalent per day (BOE/D) and proven reserves of approximately 8 MMBOE to its current net production.
Every oil production company seems to be acquiring oil sands in the Williston Basin of North Dakota. In addition, LINN is also acquiring properties in the Permian Basin, located in West Texas and New Mexico, for $238 million. The company says it will offer 16 million units to raise $596 million to fund these acquisitions.
sorry when my eyesight recovers from a macular hole , and I can see to type normally, maybe I can due better than my 1200 shares of line at over $ 20
cnbc stated that a lot of product of line was located in the balkin and therefor production will be cut down etc etc How much fracking do they do? I was under the impression very little ??