I am long, and way down on this company.
Once, an agreement to cut production is in place, oil will start going up.
When happens, it will take some time for all the super cheap oil in storage to be purchased.
Then it will all go up.
I would think so.
Especiallly as India and China grow.
More fuel efficient cars in the US and Europe, but not the rest of the world.
Solar and other renuables, are part of the mix, but I still it will grow a lot
That is still almost 19 years away, so a lot can happen.
I agree, LNCO has 0 debt
It is a pass through, that owns LINE.
I do not th ink this is an issue for LNCO holders.
what a lying union troll.
They did sell assets, and lease them back.
To free up cash to buy spectrum
Shorts do not like this.
It means they have to pay the dividend (If they shorted the preferreds)
PS, I gave ya a thumbs up.
have to import oil, we use more of it, then we produce. NG is another story
not true at all.
The cut of the distribution was to preserve cash and cut debt.
What a better way to cut debt, then to buy bonds at 20% of face values.