The price action shows all the scam that the analysts are pushing with their target prices. This stock will never recover.
Anyone buying ahead of e conference call is crazy. There is PLENTY of time to buy LINE.
No he is not, at least what they are paying him. His swing was never sustainable and his body has caught up with it. Nike will not see Tiger on many leaderboards. However, Spieth, DJ, Day, McIlroy, etc. are all worth something. Spieth in particular, but UA has him long term. The guy reminds me of a young Nicklaus and yes I am old enough to remember the young Nicklaus. Has his head on tight (unlike Tiger who is always at the boiling point), has a smooth swing with enough power, and most of all is a lights out putter.
Wait until they have to reduce reserve values again this fall and the lenders tighten up. This company is going to need a lot more than 75 dollar oil and a lot sooner than 2 years out.
First of all, he didn't say buy ANYTHING when there's blood in the streets. And secondly, LINE is trading like a coal-mining stock.
Market is pricing in the distribution cut. We'll see if $6 holds, roughly half of the secondary.
Boys from Boston are saying this is a time to invest in both refiners AND E&Ps. They have a price target of 75 on VLO.
The market has priced in a distribution cut. Not sure book value means anything to mlp investors. I would be a buyer after the cut is announced.
Late June credit suisse mlp conference takeaways for LINE:
Presenter: Kolja Rockov
■ Current liquidity at $1.5bn and they expect to end FY15 with ~$1bn of liquidity. This is a comfortable level for mgmt.
■ Capital market – believes the current macro environment is not suitable to raise capital and it expects to use its AcqCo and DrillCo partnerships later this year. It is looking for long - term project visibility and some stability in the crude market to deploy further capital.
■ M&A activity expected to pick up and LINE can use its AcqCo partnership to take advantage
■ Base decline rate is at 15%, compared to 27% in 2014.
■ Current hedgesmuch better than C-corp peers — 99%, 88% and 66% of 2015, 2016, 2017 production hedged, respectively.
■ Mgmt. believes there is $100bn of Private Equity capital in waiting to be invested in the E&P space.
■ Current LNCO tax shield remains unchanged