What is strange is the crack spread has increased and yet refineries continue to stay low. People driving more than ever, buying more suv's and pickups with lower gas mileage than before yet still no rebound for refineries. Just a matter of time for money to come back into this sector. I guess until then continue to buy and suck up the dividends!
This company has been straight forward saying bankruptsy was coming. They also said convert your line to Lnco and you could save yourself. Anyways I thought only line going bankrupt not Lnco.
So are both line and Lnco worthless Now?
You are right may go little lower, but I have been watching this for several years and 32 is good entry point. May go lower and will decide then if I need to buy more, of course could correct it self some through out the day too.
Well not sure if it is the right way to go or not but, I guess this company is not making me any money the way it is. I have not made anything and yet the ceo is getting a boat load. Okay hopefully it will change for the better and not right into bankruptcy!