If you actually believe in what you say guns. Why did you sell your LINN shares for a loss? You all just don't get it and you won't till you have lost a good portion of your investment. Oil isn't going back up anytime soon. As the old saying goes throwing money at a wish is not a smart play. It is easier to keep making bad decisions rather then a smart decision. You cannot beat the tape.
Just keep staying in denial. Your call on the 12.00 base was wrong, along with your call for oil to 60.00 and LINN to 16.00. And now your 3k for the year with the distribution is becoming less and less as the SP keeps falling.
I posted an article about how pipelines are being laid even as we wait for the xl. Go educate yourself for once. It's On me.................................
X this isn't a supposed "glut" it is real and you need to face this fact. If and when oil turns no one will be left out. For the oil stocks will not rise that fast in a few days as you are predicting. You seem to be a bit more tense these days. And just what are you calling a immediate short term?
Right now gpd, oil isn't a good investment as the facts point out demand isn't there and production is still way up. You are fighting a tape that is working against your investment. GL
You won't be around long enough. Yes, just like you are only in LINN for the distribution. No matter how low LINN goes! Or is it, if LINN goes to 10.00 you are buying more. And if LINN goes lower you are out, correct
WASHINGTON (AP) — In a far corner of North Dakota, just a few hundred miles from the proposed path of the Keystone XL pipeline, 84,000 barrels of crude oil per day recently began flowing through a new line that connects the state's sprawling oilfields to an oil hub in Wyoming.
In West Texas, engineers activated a new pipeline that cuts diagonally across the state to deliver crude from the oil-rich Permian Basin to refineries near Houston. And in a string of towns in Kansas, Iowa and South Dakota, local government officials are scrutinizing the path of pipeline extensions that would pass nearby.
While the Keystone project awaits a final decision, scenes like these are unfolding almost every week in lesser-known developments that have quietly added more than 11,600 miles of pipeline to the nation's domestic oil network.
Overall, the network has increased by almost a quarter in the last decade. And the work dwarfs Keystone. About 3.3 million barrels per day of capacity have been added since 2012 alone — five times more oil than the Canada-to-Texas Keystone line could carry if it's ever built.
The pipeline build-out provides a little noticed counterpoint to the fierce political battle being waged over the 1,179-mile TransCanada project, which is still in limbo seven years after it was proposed. During the long wait for Keystone, the petroleum industry has pushed relentlessly everywhere else to get oil to market more efficiently, and its adversaries have been unable to stop other major pipelines.
"There's been a lot of growth — we're really positive on it in general," said Rob DeSai, an equity analyst with Edward Jones who focuses on the energy industry. "The oil that's being produced in the U.S., in many cases, it's basically in the middle of nowhere. You need new infrastructure to get that oil to market."
2015 The Associated Press
You really don;t understand the workings of how all this oil can cause a major drop. And that this drop will last longer then your 12.00 bottom call for LINN energy.
In the futures market, hedge funds have spent the past few weeks cutting their bets that oil prices will rise. Instead, they’ve built up a record short position, increasing their wagers that prices will fall.
What about it?
As long as the oil companies have these rigs under contract they will continue to drill.
You missed the part william where the article said with rigs under contract they will keep drilling. The contracting companies for the rigs will not throw money away by letting the rigs sit idle. Doesn't make any sense. They have paid for those rigs therefore the oil companies will use them.
Not only that cushing needs to fill up. But we are ready to do as china and others have done and start buying this cheap oil for our SPS
What have i been telling you and this board. Even if prices moved up our country will start pumping more. Now the price of oil doesn't even need to move up. We as a country will flood the market and start exporting.
No you are , bull. Just looking at some of what you own, you are down. Between you viper and buyguns. A person can make a ton shorting what you 3 own. thanks.
So if LINN as they said are making a deal with BX for backing. Why would they need 500mill? Is the BOD saying they aren't so sure about the deal with BX closing for their usage of cash?
Yes LNCO owns LINN units and when more units are issued it goes to LNCO's unit number not to LINNs. Is this what we are both saying? LINN should just do what KMI did and get rid of the K1 and go straight 1099.