Hey Ron why would you be buying bonds in a company destined for bankruptcy, aren't there better-safer bets to place? I'm beginning to think your comments are a bit biased toward the short side.
Are you insane or just plain stupid? The war (wars) I believe you are referring to were initiated during the previous administration. 4,486 U.S. soldiers died in Iraq and 2,345 U.S. soldiers died in Afghanistan, 1 million U.S. soldiers wounded in both wars, and a potential cost of up to $6 trillion, so far. All of this not counting the tens of thousands who are still suffering from PTSD's. My suggestion to you is to attend an AA meeting ASAP!
Not exactly gone but it is shrinking.
Micron Technology Inc. (NASDAQ: MU) saw its short interest fall to 62.56 million shares from the previous reading of 65.00 million. Short interest is currently at one of its lowest levels of the year. Shares of Micron closed Monday at $16.58, in a 52-week range of $13.50 to $36.59.
LINN is hedged approximately 100 percent on expected natural gas production in 2015, 2016 and 2017 at average prices ranging from $4.48 to $5.12 per MMBtu.
Duke Energy just announced a 5 BILLION dollar acquisition in the NG arena, I guess they should have consulted you first.
From what I've read they are 70 percent hedged in 2016 at $90 / bbl so if oil is still at these levels a year or more from now it could get quite dicey if no other changes in debt or expenses is engineered. The CC on the 5th is a must listen to and should shed considerable light on Linn's future. Right now though with the info available it's still a bet on oil price at the end of next year. Hopefully the CC will have more cost savings and debt reduction news, as well as clear plan to remain solvent if oil remains at these levels for extended period. I still think OPEC and Saudis will cave before end of next year so I'm still averaging down. Don't tell my wife :)
You got LUCKY, let it go.
Humility is not thinking less of yourself, it's thinking of yourself less. -C. S. Lewis
No interest over here in this? There is still a pulse in this company for the foreseeable future. I'm sure there will be a few companies in the NEAR future that won't be so fortunate and it will be interesting to see if Linn puts some of that Blackstone money to work. I also believe oil prices will be well North of $60 by the end of 2017. Either oversupply dries up or OPEC and others will cut or a combination of the two but oil will be well North of where it's at now.
I was thinking the same thing reading the majority of your posts but continue to read them when I need a good laugh. LOL LOL LOL.
Actually it is exactly the way I interpreted the announcement as well. Yesterday during the China announcement, Rob Crooke SR VP made it a point to say that, "Our partnership with Micron remains very strong." Apparently some analysts, with their agendas had selective hearing listening to the Intel announcement.
"Given the above (and with Iran gearing up to sell lots of oil) it seems to me that oil prices in the 40s will be around for longer than the optimists' price hopes would suggest."
Hey Ron I read that Iran wants OPEC to cut production to get back to $70 - $80 dollar level. Also the bottom 5 are screaming for a cut as is Venezuela and Russia. Anyway Linn has just received it's new Borrowing Base and it looks like they will be around for the foreseeable future. I can't imagine oil staying in the $40's past 2017. Many of the less fortunate US shale drillers will be gone or acquired by then so the over supply problem will dry up without an OPEC cut. But OPEC and others will probably come to an agreement sometime next year if not sooner. So unless Linn shoots itself in the foot they should eventually claw their way back especially if they continue to pay down the debt. It will be interesting to see if they still use the Quantum cash and go shopping when the ax starts to fall for the less fortunate.
"With the Progressive zombies that is.
Have to watch Fox"
Is Foxy reporting about the Zombie Apocalypse? Maybe they are mistaking Bush and Rubio as walking dead.
January 16, 2009, 5:48 PM
Bush's Final Approval Rating: 22 Percent
President Bush will leave office as one of the most unpopular departing presidents in history, according to a new CBS News/New York Times poll showing Mr. Bush's final approval rating at 22 percent.
Seventy-three percent say they disapprove of the way Mr. Bush has handled his job as president over the last eight years.
Mr. Bush's final approval rating is the lowest final rating for an outgoing president since Gallup began asking about presidential approval more than 70 years ago.
Intel's SR VP, Rob Crooke, yesterday afternoon said, "Our partnership with Micron remains very strong." He said that while talking about the new investment in China.
I heard The Donald would hire him as Secretary of Entertainment along with Icahn as Secretary of Finance. Maybe he'll appoint Clint Eastwood as Secretary of State and #$%$ Butkus as Secretary of Defense.