Why would you expect a "run" in a 13% dividend stock that pays out almost all of its earnings quarterly and has no stated dividend policy except "the complete discretion of the BOD". You might get a run in BABA but with AI it's just steady as it goes. GLTA
Well, with all due respect I wasn't referring to taxes. I was trying to address the issue of honest reporting of income. I guess under accounting rules you can buy someone else's income and claim it as your own but somehow that doesn't seem right to me. I guess the people who should be concerned are the unit holders since the facts are all disclosed- it's just that the company was not really as profitable for 4 months as it's financial reports will suggest. GLTA
I'm intrigued by all the back dating of the recent Linn deals. In this one, XOM owned the CA interests from June 1st and knows exactly how much revenue was earned from then until now. Now Linn gets to take credit on its income statement for almost 4 months of operations by XOM- and who knows how XOM and Linn will account for XOM's cost of production during that period. XOM's income statement is huge and one has to believe a couple of million can be moved around without anyone having the time or energy to check the numbers out. I guess I'm not a big fan of these income shifting deals even though I'm sure compliant auditors will bless the outcome. GLTA
I think she has already made her remarks. I'm not sure what more she can say that would change anything. GLTA
The answer is "yes". It was quite a ride but I ultimately broke even when the company made payments to the smaller shareholders last year. Hope you came out OK.
Sounds like a British corporation. I think the UK could find a way, if they wanted, to make SDRL feel some pressure. GLTA
That's amusing. I sware there was another poster an hour or so ago saying one of his principal reasons for owning EVS was its good management. Different strokes for different folks.
Well, Greatone, more debt is more debt and a softening market for oil/gs acreage can't be good for LINE. You can call the new $1 billion in debt "strengthening "the balance sheet but I doubt many other people view it that way. GLTA
Who said it was secure? We have some asset sales to go and growing debt. Maybe you're talking to someone that knows more than the rest of us. No wonder you're the "Greatone". GLTA
Buy low and sell High is a great slogan. But how do you accomplish it? With LINE, the technical signs say it goes even lower. So when do you "buy low" so you can sell "high". Give us all some guidance on the buy and sell points and we'll all be millionaires if you're right. GLTA
It's not a question of minding one's own business. It's simply a case of being pretty fully invested at all times without uninvested ""other money" just sitting around in a cash pool. I saw about 20,000 shares of the two sisters of Linn doing nothing but go down. Why in the world would any sensible person not recognize this isn't the right place for your investment dollars. So off to the beaten down drillers I went. ESV, BHI and HAL. The results were spectacular today and maybe going forward. In any event it sure beats sitting around in a stagnant investment like Linn that could really lose it's "mojo" if some negative news comes out about its acreage sales. GLTA
I give up too! I sold all my LINE and LNCO and have now started to pick up the beaten down drillers like ESV and BHI. Already up on the trade. When Market Edge said "Avoid", you have to listen. I'm still waiting to see what the bank auction brings. I think the market is saying the bids aren't that strong. Also, check out AI at $27.52. A mortgage reit with a Zacks 5 rating, 13% dividend, and a qualified dividend to boot. GLTA
Thank you. As long as the dividend is maintained at its current level, I have no reason to be impatient. Thanks again for the helpful info.
Very informative. Thank you for the analysis. I'm not sure what to make of your last sentence. I've loaded up in the mid-27's . Will I be rewarded or smashed? Thanks