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Linn Energy, LLC (LINE) Message Board

richardleeds 46 posts  |  Last Activity: Dec 18, 2014 1:37 PM Member since: Apr 1, 1999
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  • Reply to

    I AGREE, this is a very Good buying Opportunity

    by taffy123414 Sep 25, 2014 9:10 AM
    richardleeds richardleeds Sep 25, 2014 1:37 PM Flag

    Why is a company a good buying opportunity when management is mediocre and has made mistake after mistake and has taken on too much risk investing in two towers that cost $200 million and they have them empty as they convert them to student housing?

  • Reply to

    What a great buying opportunity

    by cpataxweb Sep 24, 2014 2:46 PM
    richardleeds richardleeds Sep 24, 2014 3:44 PM Flag

    A cheap stock is not a buying opportunity if management is executing poorly and taking risks on developing product (high rise tower conversions) that they have never done before.
    Every month this year this has been a "buying opportunity" as the price keeps going lower.
    No analysts recommend CCG and there is a reason for that.
    The high rises are vacant and they are going to be very expensive student housing, how is that going to go over with students that are financing an education and buying expensive textbooks?

    Poor management that has watched the stock reach 4 year lows is not a buying opportunity!!!

  • Reply to

    CCG-Disastres all over the place

    by solef63tread Sep 16, 2014 7:41 AM
    richardleeds richardleeds Sep 24, 2014 2:15 PM Flag

    I previously said management is poor:
    1) took a crazy risk investing in converting two high rise towers into high end student housing
    2) Invested 48% (no control) in Copper Beach intending to buy all of it and did not like what they
    saw after buying almost half. The problem is that they have the 52% owners running the company
    and those people really wanted to sell out to CCG
    3) no real growth in dividend in four years and equity price is at low of the last four years while most
    stock indexes reached highs for the last four years
    4) no analysts recommend the equity

  • Reply to

    Shorts take the reins, as CMLP hits resistance

    by crk00 Sep 5, 2014 6:57 PM
    richardleeds richardleeds Sep 23, 2014 10:10 PM Flag

    stock has really held up because it did not increase in value during the last 4 years of the bull market. Yes, it is nice to receive the distribution, but shareholders would have been better receiving the 5% dividend in AT&T (T) along with its 5-6-7% appreciation each year.
    Almost double the return of CMLP. Same kind of return for those that were in Chevron or BP for the last 4 years, double the return received by CMLP investors.
    Frankly, this has been the wrong investment for those that searched out other alternatives.

    Thank goodness I invested in Linn Energy at $18 four years ago. Now $30 along with a 9% distribution each year.

  • Reply to

    Time to Back Up the Truck

    by two_black_catz Sep 18, 2014 4:56 PM
    richardleeds richardleeds Sep 22, 2014 10:44 PM Flag

    not going to dump the management as the insiders appointed the board of directors....shareholders are frankly in trouble.
    Big article in the L.A. Times newspaper last week that gasoline
    prices in the new year are going to drop 10% from current levels and this will hurt all domestic producers.

  • Canadian oil sells for about 5% less than U.S. oil and U.S. oil is falling in price.
    Big article in the L.A. Times last week said that U.S. gasoline prices will fall in
    the next year to lowest prices in 5 years.

    Too much oil and not enough demand world-wide at this time. If gasoline
    prices fall another 10% as predicted in the article all energy producers in
    North America will feel the pain.

    This equity could fall to $4 and I am already down big time.

    The board of directors was appointed by the CEO so it is not going to help
    us.

LINE
12.24+0.26(+2.17%)Dec 19 4:00 PMEST

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