Is 3x leveraged long crude oil by the way the stocks are acting. No credit at all for being nicely hedged for the next couple of years. Earnings can`t come soon enough.
He is the only guy I know that bashes stocks he owns and is happy when they go down in value. LMFAO....A real piece of work...like talking to a wall. The car salesman probably over charged him for his lame truck..ha ha ha !
Line/Lnco sold off with the rest of the sector along with crude oil. The conference call was a bit lame because all the questions were about 2015 guidance when management is still working on the 2015 budget. I continue to believe the stocks are getting sold off as energy ETFs fall with the price of oil. 60 to 70 % oil hedged for all of next year and almost 100% on gas. They will also have a much lower decline rate next year. People are forgetting all the good moves they have made this year. Short term moves in commodities will not sidetrack these guys from their game plan. The charts have bottomed out once again and the yields are over 13%. I think the two will attract some buying interest and won`t stay this low for very long.
CNBS fools are all bearish on oil....pounding the drum for everyone to sell. Sounds like a good contrary indicator to me.
They have billions of dollars of new properties to integrate into their company. I would say there are a lot of moving parts. They were very clear on how they are hedged. Would it make you happy if they gave guidance on things before they have a final budget/game plan for 2015?
Well we got our bullish close back within the weekly bands. Lnco even closed slightly above the mid line on the daily charts. Can`t believe it took four weeks to do it. All in all a bullish signal hinting that a reversal could be near. Thinking the next step is a run up to test the 50 and 200 dma`s.
$64.45 is the uptrend line on crude going back to 1998 and also the 61.8% fib. retracement of the 2011 high. A very important area to keep an eye on.
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