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Linn Energy, LLC (LINE) Message Board

legalbark 168 posts  |  Last Activity: Nov 25, 2014 5:42 PM Member since: Jan 4, 2004
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  • Reply to

    Down again

    by vjpj1110 Nov 25, 2014 9:52 AM
    legalbark legalbark Nov 25, 2014 5:42 PM Flag

    I think you're right. There's something going on here beyond simply the declining price of world oil. I think it has to do with LINE being heavily indebted and the banks may be reconsidering the value of its energy assets as collateral. This could be a double whammy- having to liquidate assets to pay off bank loans in a very weak oil and gas asset market. GLTA

  • Reply to

    so whats an invester too do?

    by mrkenusa Nov 25, 2014 12:24 PM
    legalbark legalbark Nov 25, 2014 5:35 PM Flag

    I've been buying even though it's been a tough period with the price of world oil. Still, I'm back in at an average price of $15.56 and with the dividend, will just sit tight for the moment and enjoy the income. The distribution may be cut but I don't think so. Even if it is cut a little bit, it will still be a nice income holding. GLTA

    Sentiment: Buy

  • Reply to

    Look's like UBS still likes Linn, I think?

    by rjmcbear Nov 24, 2014 11:08 AM
    legalbark legalbark Nov 24, 2014 6:32 PM Flag

    I'd like to see the actual UBS piece. It says LINE closed at $21.50 on Friday. I think whoever authored this email is mixing up LNCO and LINE. Cousin sisters for sure but not the same companies. One would think a UBS analyst would know the difference. GLTA

  • legalbark legalbark Nov 24, 2014 6:14 PM Flag

    Using 2013 numbers, how many shares of EFC can you own in an IRA without going over the 1000 limit you refer to? Thanks.

    Sentiment: Buy

  • Reply to

    who thinks pps recovers

    by dvrste Nov 23, 2014 1:03 PM
    legalbark legalbark Nov 23, 2014 1:34 PM Flag

    What you have to remember is that for every optimist that bought and now holds one of the options, there was a seller who either didn't share the same rosy outlook or looked at it as an additional dividend payment that sold them. I guess in January we'll know for sure whether the optimists or the pessimists were correct. GLTA

    Sentiment: Buy

  • Reply to

    OPEC is cutting on 27th

    by doug5007 Nov 22, 2014 10:30 PM
    legalbark legalbark Nov 23, 2014 1:21 PM Flag

    I'm not sure about RIG but I agree with you that Saudi Arabia will somehow send a signal that it's no longer on a warpath to lower world oil prices. This signal will be enough to stabilize and maybe even raise world oil prices.There won't be any agreement to cut production but simply monitor world prices between now and the next meeting. I'm sure the Saudi Princes are already aware of the the Kingdom's position in the upcoming OPEC meetings and have their oil trades already on the books. Long before Goldman Sachs. GLTA

  • legalbark legalbark Nov 23, 2014 1:04 PM Flag

    You know, I had the same thought. I've read several of The Street stock commentaries and the format is always the same. The robot simply takes raw financial data, whether right or wrong, and then runs it through a program to come up with meaningless reports. They all give reasons for concern and then reasons for confidence. The robot determines the outcome. All of this is simply a method to catch "eyeballs" which translate into advertising dollars for Cramer's business. He personally could care less if the information is correct or incorrect. He simply wants you to click on The Street Report and ca-ching, more money in his pocket. It's sad but I think that's what all The Street stock reports are all about. GLTA

    Sentiment: Buy

  • Reply to

    Oil trading gone wacky

    by audiophul Nov 21, 2014 8:43 AM
    legalbark legalbark Nov 23, 2014 10:00 AM Flag

    Another scenario- From everything we all read, Saudi Arabia holds most of the cards here and all by itself can have a big impact on the world price of oil not only by what they do but also just by their announcements of intention. With that kind of control, not subject to oversight by the SEC, just think of the profits the Saudi Princes could be making trading oil futures and derivatives with inside info as to what Saudi Arabia's next move is going to be ahead of time. I may be a conspiracy theorist but I personally believe a lot of that is going on. And I don't mean to pick on just the Saudis, there are other players abroad with inside info that they can trade on with impunity. GLTA

  • Reply to

    closed above daily 20SMA

    by parteyem Nov 22, 2014 3:51 PM
    legalbark legalbark Nov 22, 2014 4:59 PM Flag

    Well, Citibank says fundamentals place the resistance at about $24. I'm sure there's resistance at $27 but LINE has a lot of climbing to do on fundamentals before I'm going to worry about fibo retracement resistance at $27. GLTA

  • legalbark legalbark Nov 22, 2014 2:56 PM Flag

    Alex- That's the way I read it and I'm not even a credit analysis. I play around a lot with statutory accounting for insurance companies. Anyway, as an equity investor with all the accusations being thrown around, I'm actually pleased there's a banking group with $3.6 billion of skin in the game keeping track of the "unencumbered asset value" of ARCP however that concept is defined in the lending agreement. ARCP says that number iis $13 billion at the moment. Less the $3.6 bank loan that leaves you with a net value per share based on unencumbered asset value pretty close to the current pps. That's comforting if my math is correct. Anyway, banks always look out for themselves first and I hope they keep management under close scrunity and that the minimum $10 billion threshold is maintained. I'll sleep better at night. GLTA

    Sentiment: Buy

  • legalbark legalbark Nov 22, 2014 1:46 PM Flag

    Can I echo "Amen". How Cramer, the fool that he is, can allow his Street publication do an analysis of LNCO and misstates everythiing. As other posters have observed, the only revenue LNCO has are its distributions from LINE. It has virtually no costs. Where The Street came up with the garbage they did and then sell it to people for a fee, is really amazing. GLTA

  • legalbark by legalbark Nov 21, 2014 6:32 PM Flag

    You've got to love this poster- whoever he really is. He posts one ridiculous post after another. All are negative. Suggests he's a paid poster for short sellers. That tells me this stock is a great buy at these levels if you have a paid poster posting idiotic negative posts about ARCP. Just one man's opinion. GLTA

    Sentiment: Buy

  • Reply to

    Surprised At Div Increase

    by call_center_tech Nov 20, 2014 12:36 PM
    legalbark legalbark Nov 21, 2014 4:12 PM Flag

    Do you mean that BBEP should be putting on oil hedges at $77 a barrel? I didn't know what you meant when you said you hoped the same thing would continue at BBEP. I don't think new hedges at $90 plus are available today. GLTA

    Sentiment: Buy

  • legalbark by legalbark Nov 20, 2014 6:56 PM Flag

    Another SEC filing by Luxor Capital- whoever they are. Shows a new large long position in RCAP. This is in addition to Seve Cohen's earlier filing. Maybe these are just friends of management supporting the stock prices but the investments suggest some significant support for the company. GLTA

  • Reply to

    referred back to Barronsinvestment thesis of 12/13

    by dvrste Nov 18, 2014 6:14 AM
    legalbark legalbark Nov 19, 2014 5:26 PM Flag

    Well, in the Thanksgiving Holiday spirit, I keep "goobling" up the shares. Unfortunately, some one keeps pulling the turkey platter off the table. Let's hope for better goobling after Thanksgiving. GLTA

    Sentiment: Buy

  • Reply to


    by bigmoe4566 Nov 18, 2014 2:38 PM
    legalbark legalbark Nov 19, 2014 12:05 PM Flag

    Well, without published financials, NIck and all the other insiders are currently being told by their lawyers they can't touch the stock. Same with the company. We're in a never-never land waiting on the revised financials. Once they're out and everyone has the same information, I think you're going to see some upward action. In the interim, buy all you can at these prices. We're not legally blocked from buying since we have no inside information. GLTA

    Sentiment: Buy

  • legalbark legalbark Nov 19, 2014 7:54 AM Flag

    q- I hope you held your shares. You're already ahead and the next month, in my opinion, will have some nice surprises. GLTA

    Sentiment: Buy

  • Reply to

    Quarterly Dividend?

    by legalbark Nov 15, 2014 12:14 PM
    legalbark legalbark Nov 17, 2014 8:58 PM Flag

    I had to answer my own question. I called the company. Learned that in June, as part of the new stock offering,,the dividend was suspended. So much for Yahoo still showing a quarterly dividend. GLTA

    Sentiment: Buy

  • Reply to

    Steven Cohen boosts RCS Capital stake

    by iknowhow2trade Nov 17, 2014 4:48 PM
    legalbark legalbark Nov 17, 2014 6:53 PM Flag

    This has to be the deadest message board on Yahoo. Yet the stock, RCAP has to be one of the most exciting stocks out there. . See today, Steve Cohen disclosing a 5.1% passive investment. Yet this message board is silent. Maybe no one cares anymore or no one feels competent to voice a clueless comment. Anyway, I'm happy with my 6000 shares so we'll see what happens. GLTA

    Sentiment: Buy

  • Reply to

    Pont 72

    by legalbark Nov 17, 2014 6:17 PM
    legalbark legalbark Nov 17, 2014 6:23 PM Flag

    Sorry- This post was intended for the RCAP message board. I just flip between ARCP and RCAP and sometimes I just post on the wrong board. The facts are correct- just the wrong message board. GLTA

    Sentiment: Buy

21.95-0.78(-3.43%)Nov 26 4:00 PMEST

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