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Skullcandy, Inc. Message Board

rjmcbear 335 posts  |  Last Activity: 7 hours ago Member since: Nov 8, 2001
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  • Reply to

    ramblings from the right

    by tippyrust Jul 8, 2015 2:02 PM
    rjmcbear rjmcbear Jul 8, 2015 3:15 PM Flag

    Just curious as to why you never respond the same way to norris who posts his " Useless Drivel" more than everyone else combined.

  • rjmcbear rjmcbear Jul 8, 2015 9:54 AM Flag

    "Moron Cramer calling for $30 oil. Why not just go with my old $20 handle??"

    I knew you still had that $20 oil prediction in storage somewhere.

  • Reply to

    Beware the Trading Traps

    by ronharv Jul 7, 2015 10:35 AM
    rjmcbear rjmcbear Jul 7, 2015 4:01 PM Flag

    This was posted right from the Linn Energy website.

    Strategic advantages expected for LINN:
    • Creates a "drop-down" entity in which assets can be purchased and harvested on an ongoing basis;
    • Allows participation in acquisitions outside of the conventional MLP asset profile;
    • Enhances ability to capture acquisition opportunities during distressed market conditions;
    • Provides potentially more accretion to cash flow per unit as a result of the promote structure;
    • Creates a long-term partnership with a private capital provider which is scalable and repeatable; and
    • Provides LINN with the dynamic ability to acquire and finance acquisitions at the most advantageous times.

  • Reply to

    Beware the Trading Traps

    by ronharv Jul 7, 2015 10:35 AM
    rjmcbear rjmcbear Jul 7, 2015 3:46 PM Flag

    First off it will give Linn the opportunity to invest in and manage properties that they would not have been able to before because of their existing debt. Yes Quantum will hold the deeds but will have to pay general and administrative expenses to Linn. Linn will have the opportunity to own 15 to 50% of property's from start as well and Linn will also have the first shot at acquiring any property that is sold in future and because they will already be managing these property's they will know which are worthy of being acquired outright. The key to all of this is acquiring valuable, longer producing assets for bargain prices without increasing the debt. There is still much risk but these deals do give Linn the luxury of time to hopefully see much higher oil and gas prices. There are quite a few other company's in the sector that won't survive in the near term but for now Linn's not one of them.

  • Reply to

    Beware the Trading Traps

    by ronharv Jul 7, 2015 10:35 AM
    rjmcbear rjmcbear Jul 7, 2015 2:41 PM Flag

    "Creates a long-term partnership with a private capital provider which is scalable and repeatable"

    Strategic advantages expected for LINN:
    • Creates a "drop-down" entity in which assets can be purchased and harvested on an ongoing basis;
    • Allows participation in acquisitions outside of the conventional MLP asset profile;
    • Enhances ability to capture acquisition opportunities during distressed market conditions;
    • Provides potentially more accretion to cash flow per unit as a result of the promote structure;
    • Creates a long-term partnership with a private capital provider which is scalable and repeatable; and
    • Provides LINN with the dynamic ability to acquire and finance acquisitions at the most advantageous times.

  • Reply to

    Beware the Trading Traps

    by ronharv Jul 7, 2015 10:35 AM
    rjmcbear rjmcbear Jul 7, 2015 2:30 PM Flag

    This sure sounds like cash to fund acquisition's to me.

    "Investors should note that these strategic alliances will increase LINN Energy’s financing power and its acquisition universe. The deals would also allow the company to generate cash flow without burdening its capital structure. Additionally, the asset sale increases the company’s liquidity position, further opening avenues for growth."

  • Reply to

    Beware the Trading Traps

    by ronharv Jul 7, 2015 10:35 AM
    rjmcbear rjmcbear Jul 7, 2015 1:57 PM Flag

    Obviously none of us has read the contract so we can only go by what was reported on Linn's website and everywhere else. Ron's statement is contrary to what's been reported. I believe it's misleading to say the equity deals are "being misinterpreted as providing virtual instant cash," without providing proof which would only be possible if he had access to the agreement. So that statement should be taken as opinion until it is proven to be correct!

  • Reply to

    Beware the Trading Traps

    by ronharv Jul 7, 2015 10:35 AM
    rjmcbear rjmcbear Jul 7, 2015 1:11 PM Flag

    Actually Gumby his statement saying the credit line is being "misinterpreted as providing virtual instant cash" is contrary to what is being reported. Maybe you should ask Ron how he came to this conclusion, I've tried twice to no avail.

  • Reply to

    Beware the Trading Traps

    by ronharv Jul 7, 2015 10:35 AM
    rjmcbear rjmcbear Jul 7, 2015 12:21 PM Flag

    Linn has cut CapEx along with the distribution and has smartly obtained a 1.5 billion dollar credit line to make distressed company acquisitions. Your uninformed drivel only proves how little you know about the company and it's future. What happened to that $20 oil, btw?

  • Reply to

    Beware the Trading Traps

    by ronharv Jul 7, 2015 10:35 AM
    rjmcbear rjmcbear Jul 7, 2015 12:05 PM Flag

    You don't just "pull out" of a contractual agreement. Quantum and GSO have a financial liability with LInn and if it's broken they will have to pay.

  • Reply to

    Beware the Trading Traps

    by ronharv Jul 7, 2015 10:35 AM
    rjmcbear rjmcbear Jul 7, 2015 11:50 AM Flag

    Hey Ron can you explain why the 1.5 billion credit line with GSO and Quantum is "being misinterpreted as providing virtual instant cash." Are you saying this contract that was agreed upon by all 3 companies is fake? Can you provide some insight as to why Linn will not have this cash available to make an acquisition when the language in their agreement clearly states that Quantum, " agrees to commit up to $1 billion of equity capital to fund acquisitions."

  • Reply to

    Beware the Trading Traps

    by ronharv Jul 7, 2015 10:35 AM
    rjmcbear rjmcbear Jul 7, 2015 11:17 AM Flag

    Hey Ron it's right there in black and white that Quantum, "committed up to $1 billion of equity capital to fund acquisitions." Also GSO ,"is committing up to $500 million for five years to fund Linn’s drilling projects.
    How can you say these equity lines available now are, "misinterpreted as providing virtual instant cash".
    It's a

  • Reply to

    Why did LINN sell Texas Assets?

    by remlorestudios Jul 6, 2015 10:02 AM
    rjmcbear rjmcbear Jul 7, 2015 10:47 AM Flag

    Quantum has agreed to initially commit up to $1 billion of equity capital to fund acquisitions and development of oil and natural gas assets.
    LINN will have the ability to participate in all acquisition opportunities with a direct working interest ranging from 15% to 50%. AcqCo assets will be managed by LINN in exchange for reimbursement of general and administrative expenses.
    Additionally, after certain investor return hurdles are met, LINN will have the ability to earn a promoted interest in AcqCo. Upon the sale of any assets within AcqCo, LINN will be given right of first offer to acquire the assets.
    Quantum is giving Linn a credit line of 1 billion to start, for acquisitions and drillco is putting up 500 million to fund drilling programs on LINN's acreage. Now that Linn has sold off The Midland Basin acreage I believe they have another property or property's in mind to acquire using the the 1.5 billion and the billion from Quantum. We should know more after the CC at the end of month. So right now Linn has at least 2.5 billion to play with and Quantum said they could increase the draw if needed.

  • Yahoo won't allow me to post it. It's called Linn Energy is creatively trying to maintain its payout

  • rjmcbear rjmcbear Jul 6, 2015 1:03 PM Flag

    " and that "hate" can come from so-called "Christians" too ..... They are FALSE CHRISTIANS"

    I couldn't agree more!

  • rjmcbear rjmcbear Jul 6, 2015 1:01 PM Flag

    But you are condemning the President for not taking on this task, correct?

  • rjmcbear rjmcbear Jul 6, 2015 12:54 PM Flag

    Speaking of lies do you remember these doozy's.
    " Two middle school girls are forced into a lesbian kiss as part of an anti-bullying program; an Air Force sergeant is fired because he opposes same-sex marriage; a high school track team is disqualified from a meet after an athlete thanks God for the team’s victory; a Veterans Affairs hospital bans Christmas cards with religious messages; a man fixing the lights in a Christmas tree falls victim to a wave of War-on-Christmas violence; an elementary school student is punished for praying over his school lunch; a little boy is forced to take a psychological evaluation after drawing a picture of Jesus."

    All of the above have one thing in common which is they are ALL lies that were spread by the Right Wing-Christian media, broadcasters and even elected officials. This rhetoric, to put it nicely is being used by the majority to claim they are being persecuted by the liberal media and President, becoming victims in THEIR OWN country. You see this narrative has become an important rallying cry for a movement that has found itself on the losing side of many of the so-called “culture wars.” By re-framing political losses as religious oppression, the Right has attempted to build a justification for turning back advances in gay rights, reproductive rights and religious liberty for minority faiths. At the same time these hypocrites have the nerve to accuse everyone else of being liars when they seem to have adopted lying as a tactical strategy to support their cause. Shameful and without conscience is all I can say.

  • rjmcbear rjmcbear Jul 6, 2015 12:15 PM Flag

    So you not only want the President to go after the terrorists you want him to change-reform the Islamic religion as well. It's a shame how ignorant people seem to be about things that they are not familiar with. Islam the religion is not the cause of terrorism. Islam is a religion of peace. However through the centuries, deviations from the true teachings of Islam have taken place and some people who call themselves "Muslims" kill despite the instruction of their religion against killing especially of innocent people. You know the Christian religion also has some extremists who think violence is allowed and so they kill and burn other's churches to the ground. There are millions of peaceful and loving Christians and Muslims in the world but the minority extremist wackos are the only ones who grab the headlines.

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