YOUNGSTOWN, Ohio — Voters in Youngstown have rejected a fracking ban in the city for a second time this year.
Opponents of the drilling process known as hydraulic fracturing — or fracking — failed again in trying to ban it in the northeastern Ohio city. But they say they’ll be back for a third try next year.
The (Youngstown) Vindicator reports that in May, the anti-fracking charter amendment failed by 13.7 percentage points. On Tuesday it failed by 9.7 percentage points, according to unofficial results.
The United Association of Plumbers and Pipefitters Local 396 spent more than $74,000 trying to defeat the amendment. The union called it a job-killer.
Fracking opponents say the drilling process harms the environment.
Record Date Payment Date
January 13, 2014 January 16, 2014
February 10, 2014 February 14, 2014
March 10, 2014 March 14, 2014
Berry Petroleum downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Berry Petroleum (BRY) citing valuation as it believes the new merger exchange ratio of 1.68 LinnCo (LNCO) shares for each Berry share is a fair price that equates to about $55 per share.
Your numbers are meaningless.
Still stuck in neutral? No, you're backing up.
Why don't you post them again?
Why is it meaningless? Linn unitholders have not seen any appreciation in three years. That's the facts. And don't even get me started on distribution growth (or lack of it.)
Clearly, the trend is DOWN.
I got my numbers from Yahoo! historic data using monthly filter. Doesn't matter whether it's the exact day...the point is the unit price hasn't moved in three years.
You are as ignorant as you've always been.
LINN Energy downgraded to Neutral from Buy at Goldman
Goldman downgraded LINN Energy given balanced risk/reward. Price target remains $34.
LinnCo downgraded to Neutral from Buy at Goldman
Goldman downgraded LinnCo given balanced risk/reward. Price target remains $35.
You should diversify much much more.
I get around $75K annually in dividends/distributions but i only have 2K shares of this poor excuse for a fund.
"This management team has delivered year after year..."
Unit price on November 1, 2010: $36.30
Unit price on November 1, 2011: $36.41
Unit price on November 1, 2012: $39.63
Unit price on November 1, 2013: $31.80
How can you say that with a straight face?
The reason for the increased transportation costs have already been discussed.
I hope you aren't too disappointed if they don't change the language they gave been using re: the distribution, because I think that's what they'll continue to say.
If you take the 10-Q when you listen to the call tomorrow, you won't hear a whole lot different from what has already been printed.
Why would the factor of a distribution increase (or lack of one) have any bearing on whether they overpaid or not?
Read my last sentence:
If Berry hadn't made the investment, their share price wouldn't have gone up, and we wouldn't be having the discussion.
Ok...but you didn't know at the time you were negotiating that I was going to spend the extra on my roof and maybe I didn't either...and maybe you and I agreed over drinks (verbally, in a dark booth in the back of the room) sometime in August that whatever extra I spent you would eventually pony up for.
PS I bought the drinks.
Look at it this way.
Berry will have produced over a billion dollars worth of products in the time the deal was originally proposed and the time the deal will close. Where did billion dollars go? And who "owns" the billion dollars?
Well, not Linn. They made an offer for the ORIGINAL company sans the billion dollars. And they didn't get it at that price.
The billion of revenue will generate say, $150 million of profit. $600 million went into the ground for new wells and upkeep on the original wells. $100 million went to pay down debt. The rest went for operating costs, DDA, and other expenses.
A year's worth of operations cost Linn $600 million. But it really didn't cost them anything because as you said Berry's activities increased the value of the company by that much.
If Berry's share price was $38 instead of $48 due to lack of production growth,decreased profitability, lower earnings, etc., we wouldn't be having this discussion.