This would imply that the fair value of BRY was 1.25. That seems unlikely now. Even the market thought it was higher. How much is spec vs real, I dont know. But if fair value was 1.5, the move to 1.68 is muted some.
Since when is quoting Motley Fool journalism? The Barron's article quotes a worthless article on Motley Fool. This just further exposes the fraud that Barron's is. Once upon a time, journalism was more than quoting other journalists.
I do love revisionist historians who do not know their history. It almost isn't worth responding to.
You need a chill pill. I am not sure why you are so caustic.
Wall means that the deal is dead not LINE/LNCO. Hey, I am a long holder of LINE, I am just looking at the facts. LNCO is at 29 or so. 29 X 1.25 = 36.25. What is BRY at today, 47, 48? Why would you agree to a $11 loss? Maybe, there is hope for prices to rise in the future. If so, I would tell LINE/LNCO to come back when they are at 40 again.
I think you are right.
So, it seems, does the market. I cant see why BRY would finalize the deal with LNCO at these levels. Unfortunately, I think time ran out and the stock price is too low. Also the SEC hasn't issued an opinion yet. So when 10-31 comes and goes, BRY should nix the deal.
Is UBTI not a single secutity issue? Or is it by Account (i.e., if you have 5 MLPs, each with $205 in positive UBTI, do you owe tax on $25)? I really thought it was single security.
But I am right! What I am saying is that the fear of UBTI is overblown for 99.99% of us. We will need way too much invested in one security to have over $1,000. Liza has a larger portfilio than I do, has she even been subject to having to pay tax on UBTI?
I don't see it that way. The Coal Royalties are pretty small overall, and currently profitable. Its not a business I would want to solely be in, but as a 10% kicker it may not be so bad. Coal can't get much worse. With a new administration, coal may stabalize or even grow from these levels.
My UBTI (20V) last year was negative $1,000 with an ending capital balance of abuot 20,000. Not sure what rip and VNR are talking about. Am I missing something?
Really, so Obama's stance of "my way or the highway" and Reid's "send me back only my bill or I will not vote on it" is negotiating? I thought that was I get some of what I want, and you get some of what you want. Why do Reid and O get a pass?