provided counter parties are sound, seems to me some of those hedges can be cashed at any given time to buy back debt at 50-60 cents on the dollar !!.At end of last Q, hedges were valued at 1.8 BILLION dollars. That can buy back lots of discounted debt and far exceeds the value of the entire company..
no doubt that s.o.b's departure will help all coal companies that have survive his tyranny and destruction..He is the worst in our history..
I did and Obama is far worse !!!!!!!!!!!!!!!!!!!.....Much of his destruction is just starting to come home to roost .....Note his Obamacare has many delays in it's implementation..His 1000' and 1000's of new regulations are doing us just great at creating those good paying full time jobs too..The dude sucks..Saul Alinsky follower at work speaks volumes of the communist at heart..
while I am long on Linn, who is holding those hedges and their own liquidity is a legitimate concern...I saw where hedge values had dropped from a 2 billion valuation prior to a total 1.8 billion at end of Q, so some may have been liquidated I'm thinking...If they have a diverse group of counter parties who sold them, I suspect they are safe..Just one counter party would be of concern..
While I disagree with you as to Linn, I absolutely agree we have a traitor in the White House..He IS killing this country more with each dictate he makes..King Obama !!!! I personally hope a meteor comes from the sky and lands straight on his head..The same as what would have prayed had I lived during Hitler's era....Even as God tells me to forgive, I have a tough time being a good Christian as this man destroys our country more each day..
another idot as margin does not exist for stocks at this price dufuss !!!!!!!!!!!!!!!..I';m amazed at the number of true idiots posting such stuff..Is 33 your IQ ???
you sir are an idiot..Take the number of shares(355 million) and multiply by 2.33..It is under 800 million ...Learn a little math I'd suggest or go back playing in the sand box ..
hedges are twice the value of the entire company itself. Becoming ridiculous how oversold the company is at this point..I'd be buying with both fists if I had more money !!
I think you are absorbing yourself a few too many of those Ex-rays..You do know they are harmful in excess quantities don't you ? Line is no SMALL company...It will survive and thrive down the road..Just without you as an owner..
Facts I appreciate..Thanks for posting..Makes me even more comfortable adding at these dirt cheap levels..Who knows the short term and EXACT bottoms ? That is why it's called "investing"..
my #$%$....book at this time is near $11/unit-share....Line like so many other energy names, ALL are just not in vogue at the moment..This is so oversold and markets often take time to work themselves out...Tax loss selling has also been moved forward in all likelihood..I'd say BUY 10.000 and look at it a year or two from now..Did see a person buy 600 call options for 2017 just yesterday for 20 cents/contract..He obviously disagrees with your asset - liability equation of no assets
The dude had his honeymoon in the Soviet Union in 1988 per George Will article out the other day..He is left of even being a "socialist"..Him and his like thinkers were what we defeated during the Reagan years..I hope he gets their side of the ticket..Time for a "come to Jesus" decision on which direction this country is going to go..Do we give rebirth to the old Soviet model ? That is the left today..
now exceed total capitalization by a wide margin(800 million!)..No doubt a perfect storm of influences in play...Income folks bailing, funds under 5/sh. bailing..margin issues from entire sector destruction being called..It is ridiculous but just reality...Either near all energy names are going histwa , or this is one of the best OPPORTUNITES one could ask for in our lives. I suggest the latter..FWIW...
I'd suggest it is fair to say "No"...Not much logical thinking was considered by cutting the distribution COMPLETELY ! It forced income folks to go elsewhere and with the decimation that followed, a cascade of selling with the perfect storm occurring at this moment..Margin and institutions not capable of holding shares under $5/sh..
do not doubt at this point..I think it is a mistake to shut off the distribution completely...That closed off an entire group of investors ...With coverage exceeding what was predicted per RJ, I think maybe having it cut in HALF would have been the smart move..Strike a balance and KEEP the income guys..Maybe the board tells management no on cutting it completely..Or maybe their recommendation is a sure thing ??
1.66 per RJ...if backing out interest and capex costs, but not sure why they include the interest portion of that equation..Over my pay grade..