keep selling succr. Einhorn is no better then any hedge fund stalking it down for a better buy In. He has his eye on some thing and its easy to pounce on cycle bottom stock. he understands the new technologies. EASY storage, new methods, heads, chemicals, platforms and the cost falling 50% and 30% more possible. The new on/off pumps make storing it in the ground very easy and extraction when prices go up very easy. I have seen some of the lowest cost extractions from fracking. The financing and buying at the market high is the problem and not the extraction and lifting. These hedge funds are salivating at the chops. They are buying many energy stocks right here. LNCO ,SN and more are reporting increased hedge fund activities.
sold out of that one. I had it for a long time. I bought more HL, LNCO and SN with the money. I thought I would get more upside with them.
its always darkest before the light. These have fallen more then any body would have predicted. Its close enough for hedge funds to cover and go long. I am betting we turn.
The Saudis are borrowing to manipulate the price as every one knows. They may grow a brain and accept the fact we will survive and ease the glut some or continue the lose , lose oil game. HK is hedged better then most. This can not go on forever with them price fixing.
other firms are neutral and positive on the company now. Equity Summary Score (5 Firms†) -- -- 11/28/15 is finally Bullish here. THATS a big turn from the spilt milk having to do with the debt and dividend suspension. There are a few wanting the stock appreciation from un founded lows and others think the dividend could come back eventually and will like the stock going up till then.
FAR from being blind and you are no idiot. I would take that gift as I have sold and bought back in lower before. I need to quit saying that as You are no basher lying for a better buy in. I have did my DD here and listened to the so called tax genius, write off queens and tax loss losers. This may or may not be the bottom but I am making my stand here again with a big buy in. When it drops down to support twice and rallies from 38 and 39 WTI it makes me think its a educated and guess based on risk/reward.
JUST think of the upside!!!! MY GOD are you MAD or madly crazy? I would gain so much more as oil returns to a more normal level...... NOBODY or analyst expect oil to stay at this or lower levels. ITS a game of finding the bottom. SO I END up with 1/2 bottom and 1/2 close to the bottom with a triple or at least double upside. EVEN in the stories of oil going to the upper 20s say it would just be a trade bottom and not stay there long. The stories were put out by the same people who said oil would go to 200 dollars.... THEY are the sluts of the market. They have never called the top or bottom correct. I saw oil go to 38 dollars and these stocks climb. THAT wasn't only me buying but the big smart money.
The only thing going down is you. HEDGING - As of September 30, 2015, the Company has hedged approximately 62% of estimated natural gas production for the fourth quarter 2015 based upon the midpoint of guidance in the form of swaps, three way collars and enhanced swaps. Gas hedging for 2016= 14,640,000 MmBTUs . Oil hedged for 2016- 2,562,000 BBLS at 70$ Swaps , collars , puts . "In addition, during the fourth quarter Sanchez Energy entered into additional derivative contracts covering anticipated future gas production in 2016 and 2017. As of November 19, 2015, Sanchez Energy has approximately 6.6 million barrels of anticipated crude production and 35.3 Bcf of gas production for 2016 hedged, or approximately 12,471.7 MBOE (34,076 BOE/D), which represents approximately 68% of its anticipated total 2016 production at the mid-point of its 4Q 2015 guidance range. Further detail regarding current hedges for anticipated future production is included herein." LIQUIDITY AND CREDIT FACILITY
The Company had pro forma liquidity of approximately $842 million as of September 30, 2015, consisting of $197 million in cash and cash equivalents, approximately $345 million of cash proceeds from the Western Catarina Midstream divestiture (which closed in October 2015) and an undrawn bank credit facility, which has an elected commitment of $300 million. A borrowing base of $500 million has been recommended by the lead agent on the Company's bank credit facility, and the Company anticipates final approval of that borrowing base in the next several weeks. The Company's elected commitment level on the bank credit facility is expected to remain at $300 million.
The Company's liquidity remains strong with a current cash position in excess of $450 million in addition to this completely unused bank credit facility. We expect to fully fund our 2016 capital program through cash on hand and cash flow from operations without drawing down on the Company's revolving credit facility and would expect to enter 2017 with a positive cash balance."
he is delusional like many bashers. The companies write the oil losses( price oil drops) down and is a given to mark their reserve's to market value. WHEN oil goes up its a gain. RISK/REWARD favor gains going foreword and all this talk about right downs will be shorts crying as the companies start tacking on huge gains on the way up.
SUPPORT- SN was in 16 hedge funds’ portfolios at the end of September. There were 14 hedge funds in our database with SN positions at the end of the previous quarter. Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners had the most valuable position in Sanchez Energy Corp (NYSE:SN), worth close to $8.7 million, amounting to 2.3% of its total 13F portfolio. The second-largest stake is held by Seth Klarman of Baupost Group, with a $6.2 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining members of the smart money with similar optimism comprise Steve Cohen’s Point72 Asset Management, William C. Martin’s Raging Capital Management, and Legg Mason Capital Management. Asset Management had $5.3 million invested in the company at the end of the quarter. Raging Capital Management also initiated a $4 million position during the quarter. The other funds with brand new SN positions are Noam Gottesman’s GLG Partners, Marc Lehmann’s Riverloft Capital Management, and Peter Muller’s PDT Partners**************** They have tangible assets (((period))))) When oil WTI went down to 38 dollars a barrel these stocks went up !!!! BUYING the bottom......
explain the CITADEL buys idiot !!!! And others that know the markets. I would love this to go to 1 dollar as I would double down again. The MIDDLE EAST is borrowing to keep oil down. WHILE their people cry and are screaming at the governments. OPEC producers are under financial stress given these low oil prices and they re spending their cash at very rapid rates, including the Saudis".
He said low oil prices will affect future oil investments which could mean not meeting future demand growth for oil and that could lead to a spike in prices later. THESE companies do have tangible value and could be the best performing stock in the market next year. AROUND #* dollars a barrel they went up on down oil days as the hedge funds bought.
These stocks have value as companies with real assets and tangibles. They only go down to the point the market sees value. I have seen them actually climb as WTI went down to 38 dollars a barrel. I feel this must be the bottom for these stocks right now and a great place to load . Many hedge funds are buying down there. Citadel bought a lot of LNCO . OTHERS are also. ANY place between 1.7 and 2 is a great entry . OPEC producers are under financial stress given these low oil prices and they re spending their cash at very rapid rates, including the Saudis".
He said low oil prices will affect future oil investments which could mean not meeting future demand growth for oil and that could lead to a spike in prices later.
buying just like CITADEL.... This has bounced before right here and will most likely recover the 25% gain it did in the last two weeks ..... I would do more buying and less posting for a brighter future. BUT, then again you may not understand investing like CITADEL.
LINE was in 5 hedge funds’ portfolios at the end of September. With hedgies’ capital changing hands, there exists an “upper tier” of key hedge fund managers who were upping their holdings meaningfully (or already accumulated large positions). Ken Griffin, holds the number one position in Linn Energy LLC (NASDAQ:LINE). Citadel Investment Group has a $1 million call position in the stock, along with GMT Capital holding almost a million dollar position. Matthew Lindenbaum’s (BASSWOOD CAPIAL ) , Ken Griffin’s Citadel Investment Group , Matthew Hulsizer’s PEAK6 Capital Management, all are taking positions towards the bottom . Other funds include Morgan Stanley, CALIPERS, UBS Group AG, USB, and BARROW .
The main thing is he knows companies and how they can be over sold as the market over corrects. They talk the stocks down and help it over correct on the downside. **** WITH HEDGES_ That book of locked in revenue is the runway length for Linn to use its free cash generation to either work on further expense reductions, which would come primarily from debt buy backs and/or increase production and revenue levels. ----- we’ve seen 20% to 25% on the order of 20%, 25% savings essentially across all of our capital programs on the drill side … -- This is the third quarter in a row we’ve exceeded expectation. *** DEBT- lnco Senior Note Exchange Agreements- announced today that LINN has entered into a series of privately negotiated transactions to exchange an aggregate principal amount of $2 billion of the Company’s senior unsecured notes (the “Unsecured Notes”) for an aggregate principal amount of $1 billion of newly issued senior secured second lien notes (the “Second Lien Notes”). These exchanges are expected to improve LINN’s balance sheet and reduce interest expense. “These exchanges result in a material debt reduction and also improve our cash interest expense by approximately $16 million per year.” Strategic advantages of these exchanges:
• Reduce total debt by $1 billion,
• Decrease annualized interest expense by approximately $16 million;
• Reduce the nearest senior unsecured debt maturities (due in 2019) by approximately $1.4 billion, or 53 percent, subject to the potential Springing Maturity of the Second Lien Notes; and
• Preserve $500 million of second lien capacity for potential future issuance of new secured debt.
THE REAL STORY ABOUT LINE or LNCO is that there is tremendous upside from the current prices of the unit values if either the company gets to a point of sustainability with low energy prices or the market prices of natural gas and crude oil move up significantly from current values. ================CUTTING THE DIVY +=============All exploration & production MLP's have cut or eliminated their distributions.======================================================================Memorial Production Partners MEMP a previously announced distribution reduction to $0.30 per unit, down from $0.55. Legacy Reserves reduced distribution by 57% to $0.15 per unit, down from $0.35. All of them have, BBEP and LGCY cut twice, ARP and EVEP will have to announce a second cut someday. MCEP suspended even though its debt to EBITDA was by far the lowest in the sector. MEMP gave every indication in their call they would suspend next year if oil doesn't recover soon. When price of oil increase, that tide will raise many ships, will linn be the best one to be riding…..
They must not be in to big of a default as your lying bag holder suggested as the just moved more debt to 2020. These companies are getting a lot of help from the lenders. DID you check morning star or are you to stupid to find the web site?
Time to cover as your post look like a who of who is the dumb bag holding short at the bottom again. Hedge funds are becoming hopeful. The number of bullish hedge fund positions moved up by five in recent months.... Now the stock went from 1.60 to almost two busks the last two weeks to fall back. WE ARE very close to the bottom again and time to load. YOU can get a 25% on these little stocks as they bounce off the bottoms. I don't care what you believe. If your dumb enough to stay short , you deserve what you get. OIL may/MAY not bounce right back but, it will and the company will survive.