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Linn Co, LLC Message Board

logantrader1960 23 posts  |  Last Activity: Jun 23, 2014 10:00 AM Member since: Nov 8, 2009
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  • Reply to

    SARA - What is a Good Summary?

    by coalpowerstesla Jun 22, 2014 9:17 AM
    logantrader1960 logantrader1960 Jun 23, 2014 10:00 AM Flag

    They also have some debt, but the latest well should help tremendously on that issue. Personally I believe right now anyone selling this is making a mistake, or just simply needs the money. The stock is under heavy accumulation right now which is something it hasn't seen for a few years.

    IMO if it plays out right is this should be around $5.00-$7.50 pps in a year.

    Sentiment: Strong Buy

  • Reply to

    LNCO and taxes (part 2)

    by djk_1954 Jun 17, 2014 11:56 AM
    logantrader1960 logantrader1960 Jun 17, 2014 1:03 PM Flag

    You mention in your message " I have for my quarterly estimated income tax payments assumed that they are 100% taxable". We don't know what your income or taxable bracket is. The simple matter of fact is LNCO pays $2.90 a year per share in dividends which would be considered income if you pocket the money.

    Read this from the WSJ 01/10/2013

    The basics: Qualified dividends, as well as capital gains, for individuals in the 25%, 28%, 33% and 35% income-tax brackets will continue to be taxed at 15%. Individuals with more than $400,000 in taxable income—and couples with more than $450,000—will see the rate rise to 20%. (People in the 10% and 15% brackets, as before, will have a zero tax rate on dividends and capital gains.)

    Sentiment: Strong Buy

  • logantrader1960 logantrader1960 Jun 17, 2014 11:12 AM Flag

    Mike a .10c divy would equate to about $1.00 additional increase in pps (LNCO). If they can pull of covering the distribution (LINE) @ 1.1 x and increase it a dime then the pps may rise a little higher. I like the old adage that you have to walk before you run, but a few solid quarters, an increase in dividend and a 1.1 x coverage with a normalization to around a 7.0 % dividend, then you would be looking at $40.00 PPS with the $3.00 Divy.

    Another point as well while we are on the subject. As they acquire new leases and as the price of Oil and Gas increases the hedging is locked in at a higher price. I am not sure on an existing lease if they are hedging the new production at a higher price, but it would be nice to know and maybe someone can elaborate on this subject.

    Sentiment: Strong Buy

  • Does the recent rise really surprise investors?

    It certainly doesn't surprise me and is why I loaded up on this @$27.00 and $27.40 as much as I could and within reason of my portfolio. I figure this will run up to about $32.50 give or take a few cents with most days being up and some being down. At $32.50 this will still be paying a 9% Divvy. From there we will need to see what the quarter comes out to and what the remaining fiscal year looks like. I believe if the quarter comes out good and the fiscal year looks good going forward, then it will run to about $36.00 (8% Divvy) by the end of the year. Of course a strong outlook, a few upgrades and a slight possibility of an increase in distribution on LINE's behalf could mean even more possibly up to around $42.00.

    I always believed this management team and never believed the pundits. Remember LINE was one of the only companies that didn't cut their distributions during the hard economic downturn in 2008/2009. They have a plan, they are sticking with it and thankfully have ignored all of the pundits like a REAL management team would do.

    GLTA and the best of the best to the Longs!

    Sentiment: Strong Buy

  • Reply to

    Cash keeps rolling in!

    by logantrader1960 May 16, 2014 8:18 AM
    logantrader1960 logantrader1960 Jun 12, 2014 4:53 PM Flag

    Well here we are again tomorrow for all of you LNCO holders. Grab your coffee, watch the shorts continually get fried open up your account and the cash will be there!

    Just another month, just another dividend and boy were all those pundits completely wrong LOL!

    Best of luck to the longs and Hedge-Eye you can still KMA!

    Sentiment: Buy

  • Reply to

    Now extrapulate the rest of the formation

    by logantrader1960 Jun 3, 2014 9:44 AM
    logantrader1960 logantrader1960 Jun 3, 2014 11:10 AM Flag

    Just a re-cap from the CC:

    Joe Dancy - LSGI Advisor

    Okay. Let me ask you a – this is a question you guys are actually in my finance textbook for (inaudible). And here is a question for, and it’s sort of 1,000 foot overview. You guys have the third party registered professional engineers put out the reserve reports, the PB10 of your proved reserves.

    You take that number and you subtract out debt and you come out to like $7.52 per share, the stock selling right now at $1.27 a share. How are we going to – I know you have a plan to somehow because you own 35% of this outstanding shares, to get the share price closer to the – that’s the proved reserves, I mean, we’re not talking about probable reserves. What does that – do you have like an overall plan to somehow get that share price a little bit closer to the asset value is what I’m trying to ask?

    Tom Cooke

    Well, I think it’s – I think its performance. We’ve had a bad year and we’ve had a bad quarter. I think that you’re going to see the market respond to us being able to prove that we can produce more barrels and reach those objectives that we’ve outlined. So, we’re hopefully, have seen the bottom. We have definitely seen a sharp turn.

    I could say if you go back to runtime alone with 50% increase that means you got 50% basically shut in at any given time. So that’s in the 70s now. So, I think you’re going to start to see performance and it’s – I can’t stress enough how much I believe that’s been tied to morale and performance in the field.

    Joe Dancy - LSGI Advisor

    Okay. I mean, because the discrepancy between the asset value and the stock, I mean, it’s substantial and it’s – you really see it this large which to me presents opportunities. And it’s interesting analysis. So, thanks guys, good luck, I appreciate the help.

    Sentiment: Strong Buy

  • and it is like the analyst said on the CC this baby is worth much more now than the $7.59 price tag mentioned!

    Congrats to all that bought at this low price and had faith this company was in a turn around mode.

    Now go back and lets do a calculation of Flowing Barrels per market cap!!!

    Sentiment: Strong Buy

  • Reply to

    Rocky 3 Completion Issues

    by pulsewrighter May 24, 2014 6:42 PM
    logantrader1960 logantrader1960 May 30, 2014 8:12 AM Flag

    "I believe you would need to factor in debt per flowing barrel as well to get a good comparison."

    You are absolutely correct and with this factored in (debt) this is around $104,500 per flowing barrel.

    I'm holding out hope that the personnel changes, increase in run times coupled with the Rocky wells and re-completions will get this one back on track without any further added debt.

  • Reply to

    Rocky 3 Completion Issues

    by pulsewrighter May 24, 2014 6:42 PM
    logantrader1960 logantrader1960 May 29, 2014 12:34 PM Flag

    Running through the flowing barrel equivalent per day calculation with a current market cap of 38M it looks like this is trading for roughly $20,266.00 per flowing barrel. If they can straighten out some of the issues they have had in the past, maintain their current production or possibly increase the number, then SARA is priced way below the average comparable.

  • logantrader1960 by logantrader1960 May 27, 2014 1:09 PM Flag

    Well at least they raised the price objective to $31.00. Add in the $2.90 in distributions and I'm good with this.

    LinnCo (NASDAQ:LNCO)‘s stock had its “neutral” rating restated by investment analysts at JP-Morgan Chase & Co. in a note issued to investors on Tuesday. They currently have a $31.00 price objective on the stock, up from their previous price objective of $30.00. JP-Morgan Chase & Co.’s target price suggests a potential upside of 13.97% from the company’s current price.

    Sentiment: Buy

  • logantrader1960 by logantrader1960 May 23, 2014 1:55 PM Flag

    The Tough Get Going!

    If this hits $27.00 count me in for another 2K shares and I will be up to 7K at that point.
    This is pretty senseless for the stock to be trading down here, but sometimes you have to be smarter than the street!

    Sentiment: Strong Buy

  • logantrader1960 logantrader1960 May 22, 2014 9:55 AM Flag

    You really can't look at this price action short term. Just remember this stock including LINE is under heavy short selling. Eventually the longs will win this war, but short term just collect the dividend. What we all just learned on this asset swap is our stock is now more secure than it has been in a long while. Hang in there, collect the dividend and don't worry about the day to day, hour to hour, or minute to minute action.

    Sentiment: Strong Buy

  • logantrader1960 by logantrader1960 May 16, 2014 8:18 AM Flag

    Just like every month the cash keeps rolling in. Checked my STrade account this AM and there it was $1,158.00. Also market was down 2 days in a row and holders of LNCO are .21c up.

    Seems like were stabilizing on the volatility scale and inching our way back up.

    GLTA Longs and Hedge-eye you can KMA!

    Sentiment: Buy

  • Reply to

    buyers

    by recoversomedough May 1, 2014 11:54 AM
    logantrader1960 logantrader1960 May 1, 2014 3:09 PM Flag

    I find it interesting on the Petroflow web site there is no news about the takeover of EQU. Not that I expected an update on what is going on, but they don't even have the original December news.

  • Reply to

    after hours trades

    by enots2 Apr 30, 2014 7:48 PM
    logantrader1960 logantrader1960 Apr 30, 2014 7:59 PM Flag

    Hard to say, for there are only 4152 shares traded.

    Sentiment: Buy

  • logantrader1960 by logantrader1960 Apr 30, 2014 10:40 AM Flag

    Early this morning I was buzzing through the 10-K/A filing on the SEC web site and noticed that Klapko receives 8 weeks vacation for his duties!!!???

    I also noticed a line that states:

    Perquisites: "Maintain a competitive position in terms of attracting and retaining executives however not intended to represent a significant role in total compensation".

    Includes benefits that allow our executives to work more efficiently.

    Now just how in the heck are you going to work efficiently if your off 8 weeks out of the year + holidays, weekends, sick leave etc???

    Looks like this whole Petroflow deal is gone. With only 1.6% of the voting power from management calling the shots, it would seem the next share holder's meeting the entire management team and BOD needs to be shown the door where to exit.

    Equal is still an attractive company with their production and growth and management has figured this out, but what a bunch of clowns we have running this show that can't pick a winning combination for the increase in shareholder value! Who ever heard of an oil producer with + 7000 BOE/D production and growing, but trading at a measly $22K per flowing barrel.

    As Daffy Duck would say this is just despicable!

  • logantrader1960 by logantrader1960 Apr 16, 2014 11:10 AM Flag

    I was watching the live board and 250K came up to sale at $3.12. It went away in two minutes with a 150K, 50K and 100K blocks.

    This was a good test to see institutions are loading up.

    GLTA!

    Sentiment: Strong Buy

  • logantrader1960 by logantrader1960 Apr 15, 2014 10:17 AM Flag

    290,000,000 shares @ .018c (after expenses) offering on the .ax

    Comes out to approximately $.324 per share $USD so I was right on the money.

    Sentiment: Strong Sell

  • Reply to

    just an idea

    by skull20003 Apr 14, 2014 10:29 PM
    logantrader1960 logantrader1960 Apr 14, 2014 10:47 PM Flag

    Really?

    So what happened to the NSY their best potential to date and then sold off half the interest to Slawson. Got banged on the Bilibong and the rest is history. These guys are desperate so my only advise is to remember the recent fallen stocks such as LPR and GMXR and several others that didn't have the know how to operate in the oil patch.

    Sentiment: Strong Sell

  • Reply to

    up it goes.....

    by blu10duck Apr 13, 2014 9:41 PM
    logantrader1960 logantrader1960 Apr 14, 2014 5:01 PM Flag

    Well said Rogere.

    Cash is apparently scarce and so scarce they can't wait a few days for the sale of the production from these two wells. Pretty bad news for current shareholders.

LNCO
28.84-0.25(-0.86%)Aug 1 3:59 PMEDT

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