How can they go BK with solid backing, business plan and no debt due. Do some research before you post and educate your self.
Linn Engy 8.625%
Linn Engy 7.75%
Linn Engy 6.5%
Linn Engy 144A 9.875%
Linn Engy 9.875%
Linn Engy 6.25%
You are in the short camp and will soon be woke up by the WTI chart holding 44 dollars again. ITS become a trading range. I feel 44 $ will hold once more and provide a catalyst again for oil to go to the top of the pattern range again lifting LINE. The stock is hedged , strong book value as well as financed. YOU BK story don't hold any water. The chart will find a bottom as you buy closer to the bottom and the stock has more value to it then the disconnected PPS and fundamentals. The street is angry over the divvy payments . LINN and Berry credit facilities under certain conditions, subject to a combined borrowing base of $4.05 billion. You are so full of your self. The strategic alliance with GSO , Blackstone, Quantum , and sales have made this a must buy. You must not be able to read at all as they have stable fields, hedging and a business plan with financing to endure this temporary glut. • Hedge Profile- Hedged additional oil volumes; oil now hedged ~90% for the remainder of 2015 and ~70% in 2016 Natural gas hedged ~100% through 2017...... . When oil prices recover meaningfully, that should fuel a hefty rebound in the unit price. CAN you read financials and timeframes of bonds DUE!!!!! Quantum Energy Partners to commit up to $1 billion of equity capital to fund acquisitions and development of oil and natural gas assets.
OIL is trading at the bottom of the pattern chart. This is only down on FRIDAY 1/2 %.... Oil was down a lot more. MANY OIL companies did not follow oil down Friday. These small companies are coiled for a big bounce up again.
OIL IS in the lower bottom of the trading pattern as most oil companies. This pattern is not company specific as they ALL are showing this pattern. The support should hold as before and we will get a huge upside jump. I take it you were not smart enough to cover at 1.8 $$$$$$$$$$$$$
. For the balance of 2015 we now have about 85% of our projected oil production hedged at roughly $72.00 per barrel, and about 60% of our natural gas production hedged at $4.13 per MMbtu. The assets are not priced right down in the dumps. On May 21 we sold $625 million of 10% second lien notes due 2020, and used a portion of the proceeds to repay the outstanding balance of our credit facility of roughly $468 million, with the remainder held for general corporate purposes. In conjunction with these transactions, we also entered into an amendment to our credit facility to provide additional covenant flexibility and ultimately reduced our borrowing base to roughly $252 million. These transactions substantially increased our liquidity and provide us with a significant runway to manage the Company through an extended period of low commodity prices.
ASSETS worth over two billion when priced in a fair market. They are priced for BK RIGHT now and that most likely will not happen. IF this is a cycle which most believe it is , they will return to a better balance sheet. CAN YOU READ! Second Quarter and Other Highlights:
• Achieved Adjusted EBITDA of $99 million before debt restructuring costs for the second quarter of 2015.
• Reported Adjusted EBITDA that outpaced operational capital by $29 million for the second quarter of 2015 and by $37 million for first six months of 2015.
• Increased average production in the Mississippian Lime to a record high of 27,029 barrels of oil equivalent (Boe) per day in the second quarter, up 31% from 20,698 Boe per day in the second quarter of 2014 and up 2% from 26,531 Boe per day in the first quarter of 2015.
• Attained total Company production of 33,893 Boe per day in the second quarter, up 6% from 31,912 Boe per day in the second quarter of 2014 and essentially flat with 34,164 Boe per day in the first quarter of 2015.
• Maintained estimated well level returns of greater than 30% in the Mississippian Lime, using July 27, 2015 strip pricing and current AFE of $3.3 million.
• Reduced adjusted cash operating expenses to $11.75 per Boe, down 14% from $13.63 per Boe in the second quarter of 2014 and down 8% from $12.82 per Boe in the first quarter of 2015.
• Closed the sale of remaining Louisiana producing properties in the Dequincy area on April 21 for approximately $42 million in net cash proceeds.
• Executed a $625 million Second Lien note offering and approximately $525 million Third Lien note exchange that significantly boosted liquidity and captured debt reduction opportunity.
• Reported liquidity on June 30, 2015 of $402 million comprised of $151 million in cash and $251 million of availability on its revolving credit facility.
• Increased full year 2015 production guidance to 31,500 to 33,500 Boe per day.
Reported Adjusted Net Income totaled a loss of $3.9 million, or $0.58 loss per common share, in the second quarter of 2015. During the second quarter we further increased our 2015 oil hedge position. We have not added any new gas hedges. For the balance of 2015 we now have about 85% of our projected oil production hedged at roughly $72.00 per barrel, and about 60% of our natural gas production hedged at $4.13 per MMbtu. As of June 30 we had $151 million in cash and $251 million available in our credit facility, for total liquidity of $402 million. A review of he liquidity enhancing transactions that we undertook in April and May. On April 21 we did close the sale of our remaining producing properties in Louisiana and realized net cash proceeds of roughly $42 million.
crystal ball days are over and so is your reading. 60 dollar oil will be the new 100$$$$$$$$ oil. 1) OIL stocks holding with 45$ oil, 2) UPSIDE goes to oil , risk/reward , . Even GS is not that crazy to think it can stay below 40. 3) 3) OPEC assumes crude prices will rise by about $5 a year through 2020. That’s 80 dollar oil and a big return for those who are long. I personally thin 70dollar oil is the new 100$ oil. 4) There have been $323 billion in announced or proposed oil-and-gas mergers so far this year, the most on record for a similar period by nearly $100 billion, according to Dealogic. Millionaires and funds are buying .. 5) INDUSTRY calls BOTTOM and press better lately. 6) ) A weakening dollar added support for oil, aside from bets that the U.S. oil rig count could tumble again after yesterdays news. 7) M&A activity in the oil-and-gas sector has continued apace despite a nearly 70% decline in oil prices since early last year. 25% last month alone. 8) Commodities are known for boom and bust and the oil is at the bottom of the pattern trading range today..... coiled ... Up on a down oil day is death to shorts. technical bounce. 9) OCT 22 up on down day... When LPI goes up on a down oil day you must pay attention. 10) its a cycle
It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:
Laredo Petroleum: "When they are all real down, you go for high quality. That's the way it works. I like Occidental it's got that good yield. I know it's controversial. If you don't like that go with ETP for a little yield." Remember LPI is 100% hedged. GO FOR IT!
This is going to bounce hard off the lower oil support. Bottom fishermen are going to get a bargain her. Time to nuy with the longs , bottom fishermen, and day traders. The shorts will cover and Market Makers will stock up
daytraders buying, Longs buying, Market makers buying, and funds know how to read the pattern charts. Every one but the dumber shorts.
It did not go through the WTI bottom support. ITS going up now. YOUR on the wrong side again. HE will be giving it back if he don't cover today. GOODBUY shorty BUY BUY BYBY
Didn't your hedge fund boss tell you could get 6 cents a post if you lie? I AM BETTING BIG OIL FOLLOWS THE PATTERN HERE .... its STARTING TO BOUNCE AS IT HITS THE PATTERN LOW. lenders' semi-annual review, the borrowing base under its revolving credit facility has been reaffirmed at $252 million. There are currently no borrowings under the credit facility.
SORRY for your lack of education !!!!!!!! . A) Over leveraged little bosssss &Bzzzzz-- Huge profits need locked in at pattern lows........... traders late to the game will buy now reading the chart.... ) prices start to pick up momentum with volume.... stocks PPS move against falling oil prices ( coiled)NOW!!!!! Market Markers offload their own risk, buying crude oil futures and other energy exposure. (some ) investors who sold don’t want to miss the big one. as the cycle comes around.... A mix of fear (from bearish traders who are short and losing money) and greed (from investors who are now on the sidelines and seeing the market rebound without them) drives prices higher and higher until there is no longer an imbalance of participants lined up on one single side of the market. T hese Stocks are down 75 to 90% could be an opportunity for a sustained rally in crude oil Bottom process as oil hold 44$ and 45 WTI ) Positive press as Rig count falls, OPEC higher oil prices - PPS raise as bad news don’t move the markets lower. Press changing - , Current supply surplus only 4% of global market supplies ===== capitulation – wild trades, movements- or proposed oil-and-gas mergers so far this year M) multi-year lows, high dividends, not overvalued, true value and selling below book values perfect storm as all groups load again.... Macro events in Syria and middle east tension THESE unrealistic lows and unsustainable lows. P) Bullish hedge fund bets and billionaire finding long positions. Q) Early bird gets the worm and the majority of the swing turn profits. R) History in favor of a cycle s) Oil surges 10% to well above $40 per barrel. And holds 45$
The dow has almost recover the 10% drop/ It may or may not break to the upside. Usually people hold over the holidays and into spring tell May. OIL could be a very long term buy as its historically low now. These companies have lowered the cost of bringing oil out of the ground enough to make 60 and 70 dollar oil the new 100$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ oil. They have a lot lower cost now and near future.
Inventory numbers were the same and analyst thought they might go down alittle. That don't matter if you are hedged like many companies. I am holding mostly hedged oil now. If the pattern hold , we could do very well in the near term again. OIL does not follow the markets so I guess you must not understand.
Look at the two month or three month chart. WE are in a pattern........ The chart may dip below 44 dollars a barrel but I am betting on a bounce as usual. Hold on it goes up almost 22% each time. The longs , day traders and institutions buy here.