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Linn Co, LLC Message Board

logantrader1960 50 posts  |  Last Activity: 11 hours ago Member since: Nov 8, 2009
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  • 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.


    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


    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.

  • logantrader1960 by logantrader1960 Mar 27, 2014 5:41 PM Flag

    Ha I remember that post mid July of last year when this went down to $25.18. What a bunch of cry babies selling a solid stock like LNCO and LINE. If you held and reloaded or sold and made a profit and then reloaded at these prices more power to you! It still pays 10+% so what more do you want??

    What a bunch of idiots listening to Cramer and the rest of these clowns with their negative commentaries. Once the turn around happens and it will, the yield has the potential to get back to 7.5-8% which means around $36-$38.00 per share.

    Congrats to those who bought more at these wonderful give away prices!!!!

    Sentiment: Strong Buy

  • logantrader1960 by logantrader1960 Mar 21, 2014 12:17 PM Flag

    You know I have to admit this is the strangest stock that I have ever come across and have been an owner in this just a few months ago. I did sell ago when it hit $5.37 knowing that the dividend was going to be cut and only a few pennies less than the buy out offer. It was a good decision, but I always kept the ticker on my screen.

    I have been watching it this past week and it is almost becoming a compelling buy once again. I mean what is the worst that can happen long term? I think it is a fair statement that the production is still trading at $23K per flowing barrel equivalent which is dirt cheap in my book.

    Another poster said several months ago why are they even selling this? I thought it was a good question for all the reasons he stated. I certainly believe now that the management has to be the worse in the oil patch.

    So what would one think if a person purchased 10K shares on this now at around $4.72? What is the long and short term thinking here other then the management team is a bunch of clowns?

  • logantrader1960 by logantrader1960 Mar 17, 2014 11:22 AM Flag

    Management is picking this stock up one share at a time. Just give this a few more months when the repurchase of the 1/4 total outstanding shares are in the managements hands. Will they buy more? Who knows, but the more they #$%$ up now the better the dividends will be in the future and you can take that to the bank!

    Sentiment: Buy

  • Reply to

    The real news about AT (not published)

    by ichihizen Dec 19, 2013 1:12 PM
    logantrader1960 logantrader1960 Jan 17, 2014 12:17 PM Flag

    I receive $313.48 each month in a US IRA on 10K shares held. There is no effect.

    Sentiment: Buy

  • logantrader1960 by logantrader1960 Jan 17, 2014 11:47 AM Flag

    I sure hope management is taking full advantage of this low pricing and purchasing these shares with the additional 250M they announced the other day. Yesterday I read a really bullish report that was printed late last year saying that the $22.00 analyst estimate really needs to be $32.00 per share and gave a compelling reason why.

    Anyway hang in there greener pastures are ahead!

    Sentiment: Buy

  • logantrader1960 by logantrader1960 Jan 10, 2014 5:50 PM Flag

    I rest my case and Andy have fun with your 6 Pack of Gerbils this evening!

    "In particular, after considering the recent sale of part of its North Stockyard undeveloped acreage
    to Slawson Exploration Company, Inc. , Samson estimates its Proved Reserves as of August 15th
    at 1.55 MMBOE , with a value of $34. 1 million using NYMEX pricing. It is noteworthy that, while Proved Reserves declined slightly as a result of the Slawson transaction , the August 15, 2013, figure still
    represents a substantial value increase from the most recent reserve report dated April 30, 2013,
    which estimated an NPV 10 of $23.6 million"

    STILL the Strongest Sell in the Oil Patch!

    Sentiment: Strong Sell

  • logantrader1960 logantrader1960 Jan 10, 2014 5:29 PM Flag

    Look I know I won't be around this weekend to bicker with you about the remaining 23-25% of what Samson has reported of PROBABLE production in the NSY field posted on their web site, but you will be here spatting off lies about what this companies proven or probable oil does NOT have.

    I'm also sure we will all have a laugh on Monday reading your stupid A_S football predictions as well!

    Sentiment: Strong Sell

  • logantrader1960 logantrader1960 Jan 10, 2014 4:23 PM Flag

    It's obvious Andy doesn't know his A_S from a hole in the ground. The management report shows all proven and probable reserves on their web site and even shows this for the adjusted sale to Slawson.

    Now what the report doesn't show is the pathetic performance of the Sail and Anchor. Factor this in and the reserves are even less proven or probable for the whole NSY field / lease.

    Hey it's a .44cent stock trading about .20 cents above where it should be and if people want to trade the play and make money more power to them because the true value is getting worse and worse each day!

    Sentiment: Strong Sell

  • logantrader1960 by logantrader1960 Jan 3, 2014 10:30 AM Flag

    Many investors don't know the concept of Co2 operations and while reading that latest Zack's report apparently they don't either. They completely give thumbs up all the way through the report and end it with...

    "On the flip side, we remain cautious due to high cost levels associated with the tertiary oil recovery method and harsh weather conditions that might restrict the activity level".

    Harsh weather? it's all underground!!! High Costs? It's called capital investment!!!

    Back in the late 80's early 90's Co2 was coming on strong in West Texas and large plants were being built. Most of the Co2 was coming from Bravo Dome in New Mexico and the recovery plants were being built in Sundown, Denver City and Snyder Texas. When oil fell on it's face 90% of the rigs were stacked, but the Co2 operations continued and thrived. Once the infrastructure is in place the economics of these operations far exceed any other form of oil recovery out there today and last years and years without drilling a single well.

    I look at DNR as a hidden gem. I really don't care if Wall Street or Main Street takes notice to this stock on a day to day basis. Personally I believe this is an easy double within five years if not sooner. Management is doing just exactly what needs to be done buying back their shares, hedging the oil and doing what they have to do to build the company for the long term.

    Sentiment: Strong Buy

  • logantrader1960 logantrader1960 Dec 31, 2013 12:27 PM Flag

    While it's understandable you do everything in your power / wisdom of avoiding the real topics of this mess management has got themselves in it's not surprising you go on about your childhood dreams. Get a grip Andy this price of SSN today is already in the proven and probable reserves there is no where else this one will go other than down hill.

    Of course one only has to look at the three, two and one year charts to figure that out!

    Sentiment: Strong Sell

  • 2013, 2012, 2011 just pick a year and give new investors a reason to buy. So all of these Monster wells Andy and others pumpers have been talking about never happened. Not only didn't they happen the ones that are completed are just a pathetic reason one doesn't want to invest in this "Dream" of an oil and gas operator.

    Let's break it down.

    First take the "Monster" of all wells the Bilibong. I assume they are still chipping away at the cement that lined this well somewhere in the 1800' range. Why is none of this in the latest advisories? Makes one wonder if Key is still on location. Management sure is quite about this and I can't say that I blame them after the lack of over-site by their management not looking at something as simple as insurance papers. Or could it be that a simple "Cattle Guard" made better news to cover this disaster up?

    Second let's take the Sail and Anchor. The rate of decline was way further off then my own predictions and now it has been down for 27 days? Yep look out for the posted BOE/D from management in the next report to confirm this because even Zoom's post was pretty much on target of NO production, but fell by the wayside of the regular on-board pumpers currently on this MB.

    Third the Roosevelt. Yep the one and only non-asset management thought they had a secret buyer for in the tune of $13-$15M USD. Was this a simple pump to keep the stock above the falling daily average? I say yes. Now there is an independent Canadian company that is looking at the 3D Seismic and if they can find anything they take half of the undeveloped lease and half of the current non-production going on.

    Finally Slawson. Yes Slawson enters into the agreement and takes half of what SSN had left in the NS. What did they have left? Probably not enough to go for the jugular with this down and future OTC pink sheet of a company.

    Best of luck in 2014 because if you are an investor in this pig of a stock you are going to need all the help you can get!

    Sentiment: Strong Sell

  • logantrader1960 by logantrader1960 Dec 23, 2013 8:22 PM Flag

    Just the little details for those who want to know. Apparently no buyer for this Roosevelt disaster so now they found some new blood from Momentus. Looks like Momentus buys the 3D data and has the right to refuse within 45 days after they look at the same old sheet everyone else looked at for the past 50 years or so. If there is any life they can find then they (Momentus) takes 50% of the interest in the test well and then 50% in the entire lease. Just do a search on the first paragraph below for the full article. I like how they say Samson will be fully carried. I guess someone has to carry them after the bilibong debacle so now you have Slawson and Momentus propping up TMB.

    Shareholders are taken once again!

    Dec 23, 2013 (Menafn - M2 EQUITYBITES via COMTEX) --Energy company, Samson Oil and Gas (asx:SSN) (nyse mkt:SSN) revealed on Friday that it signed a seismic and drilling agreement with a Canadian exploration and development company, Momentus Energy Corp.

    Momentus will acquire about twenty sq miles of 3-D seismic data that will cover about 30,000 net acres of leases on the Fort Peck Indian Reservation that Samson presently holds, with the right to explore and develop. The 3D seismic imaging is planned in the eastern half of the acreage block where it will image both the middle Bakken and potential conventional targets in the Red River and Madison Formations.

    Samson will be fully carried by Momentus in this horizontal Bakken test well while retaining a net 33.33% working interest, while Momentus which has the option to re-enter and work over both the Gretel II and Australia II wells, would earn a 50% equity in one or both and the 640 acre spacing unit associated with each well.

    Sentiment: Strong Sell

  • logantrader1960 by logantrader1960 Dec 19, 2013 8:31 AM Flag

    Raymond James upgraded LinnCo (NASDAQ: LNCO) from “outperform” to “strong buy.” The target price for LinnCo is set to $37. LinnCo's shares closed at $28.01 yesterday.

    Sentiment: Buy

  • logantrader1960 by logantrader1960 Dec 13, 2013 9:49 AM Flag

    Wouldn't they just put a buy order in for $5.43 for the rest of the outstanding shares?

  • Reply to


    by eternal_life_1 Dec 9, 2013 11:48 AM
    logantrader1960 logantrader1960 Dec 9, 2013 2:58 PM Flag

    It almost seems like a "Three Ring Circus". First you have Montclair who initially drilled this field, then you had Petroflow operate it for years, then you have Equal buying this up from Petroflow through a BK settlement. Then you have Montclair coming back wanting it and now Petroflow makes a better offer. It sounds like some shady stuff going on and I hope other operators who see some value here will offer up the current bid!

  • Reply to

    i'm perplexed

    by myfido_2 Dec 9, 2013 2:06 PM
    logantrader1960 logantrader1960 Dec 9, 2013 2:44 PM Flag

    I don't know if the sells are actually outnumbering the buys, but with only 10% of the shares being traded it means enough people are holding on for a better deal. At least that is my thought on this. I thought the action this morning was going to be a lot greater than it is now. Maybe by the end of the day we will get a better picture. Just remember there is only about 16% give or take institutional ownership so this means most individual investors are holding out.


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