The index in which Linn was replaced was not the Alerian MLP Index.
Continue to keep researching, though, it's good for you.
That's not exactly true. They traded places up until January 1st, but since then LNCO has been higher.
Congrats on your COG purchase; it should do far better than Linn.
No, it's actually quite accurate.
Even FoxNews has now getting in on the practical side of the debate. From two days ago:
Ethanol requirements good, not bad, for America's economy, energy security
Big Oil's call to loosen the nation's ethanol requirements is misguided. Corn-based fuel has proven to be a clean-burning energy source. Its production creates jobs and reduces American dependence on foreign oil.
Big Oil industry groups argue that a higher ratio of ethanol will harm most automobile engines and force drivers to bear new costs for repair and maintenance.
This claim is flat-out false. The EPA has conducted exhaustive testing and found that blends as high as "E15" -- 15 percent ethanol -- are safe for all vehicles made in the last eleven years. In fact, E15 is such a high-performing fuel that it has been used to power the precision engines in NASCAR racecars.
Critics have also argued that ethanol production has driven up global food prices by cutting into the supply of corn. But the facts tell a different story.
The supposed problems with ethanol are non-existent.
Most of the money spent on food goes towards packaging, marketing, and fuel costs-agricultural products represent only a small fraction. In fact, a recent report from the World Bank shows that the rise in global food prices over the last few years was driven primarily by crude oil prices-not by homegrown ethanol.
Last year, the ethanol industry supported nearly 400,000 jobs and contributed $30.2 billion to Americans' household income.
Ethanol presents a serious threat to petroleum firms' dominance and monopoly in the energy sector. That's why they've ramped up their anti-ethanol crusade.
Thanks to ethanol, America has a chance to reduce emissions and create jobs while sending fewer dollars to oil-rich -- and often hostile -- foreign countries.
1.) I never claimed to be rich. Seems to me you are the one always dropping the names of the numerous dead-money companies you own.
2.) Not everyone has the luxury of having both taxable and retirement accounts. Should you need reminding, LNCO was created so people could invest in Linn Energy in a retirement account without having to be concerened about UBTI.
From Linnco's website: LinnCo is taxed as a corporation, which enables holders of LinnCo shares to invest indirectly in LINN without the associated tax-related obligations of owning a LINN unit. For example, holders of LinnCo shares will receive a Form 1099-DIV rather than a Schedule K-1, will generally not have unrelated business taxable income (UBTI), and will not be required to file state income tax returns as a result of owning LinnCo shares. Go figure, this is almost the exact wording that Cheniere is using in it's description of it's new corporation.
3). It appears to me that it's not MY ignorance showing.
I would assume part of the strategy is to do it for one of the reasons that Linn did it, which is to allow institutions and individuals who are not now able (or at least recommended) to invest in the revenue-producing segment of the company to participate in the revenue stream it will start generating in 2016.
Who knows what LNG has in mind for the Corpus Christi facility? It could drop it down to CQP, spin it off as another MLP, or have CQH (the new corporation) issue shares and "buy" it from LNG. The financing of these projects is mind-boggling, and with Blackstone involvement makes it even more complicated.
I have CQP @$11, and likely will sit on the sidelines of this new issue for the time being. It will likely only yield 6% or so.
In looking at the aerial photo of the progress at the CQP export site, there is a facility labeled "Propane Condenser Foundations." This plant is going to buy raw natural gas and export not only LNG - but everything else in the gas stream. That has not even been mentioned.
Given the term (I don't think) only appears once in the article, your premise doesn't hold water in itself. Just because you disagree doesn't mean he's incorrect. Please provide some data to contradict his assertions (other than the glaring errors already posted about the vote date and SEC.)
I think that will be the last date to buy any of the companies' shares in order to be able to vote on the deal, whenever that may be.
First, they haven't borrowed the money yet. That won't occur until next month, so those figures won't show up until the fourth quarter report in February.
Second, NGL prices have improved quite a bit in the third quarter and that should help revenues. If they can perform on their production goals, the third quarter should look pretty good.
Oil is down $1.25 and likely with it the NGL price that has supported it most of the month. That's the most likely reason the prices are weak this morning.
This is all the info. I have. I don't know who the buyer is, or if it's close to any Linn properties; but Linn as everyone here should know, bought a large chunk of Kansas property from BP:
Shell pulling up stakes, selling Kansas assets
Shell is pulling out of Kansas after its exploratory wells didn’t show enough potential to stay, another in a series of departures by major exploration companies that have given up on the Kansas side of the Mississippian Lime foundation.Shell, which is selling off its 45 producing wells and 600K acres in nine Kansas counties, stopped drilling in July as it reviewed results for its exploratory wells.Chesapeake (CHK), Encana (ECA) and Apache (APA) have been gone from the state for more than a year,
That's what I take it to mean.
I am a little surprised that they aren't notifying people better that the 9/30 date is the record date and that the 25th will be the last day to buy. If you didn't read the news release, you wouldn't know that. Unless a lot of people are mistaken about the whole thing.