Revenues better than expected, along with much higher transportation expenses - of course no color on why that occurred. Need to get a better handle on that going forward. Nice to see a lesser emphasis on NGL but instead of producing more oil they are producing more natural gas, which of course is lower margin. (Over half of Linn's production is still NG).
Interesting they are excluding Berry numbers from future guidance.
I have no comment on the "Excess of net cash provided by operating activities" calculations since there aren't any prior comparisons available and it appears that Linn can pretty much make that number what they want it to be.
LINN Energy, LLC (Nasdaq:LINE) and LinnCo, LLC (Nasdaq:LNCO) announced today the filing of Amendment No. 6 to the Registration Statement on Form S-4 ("Amended S-4") in response to comments received from the Securities and Exchange Commission ("SEC") on Friday, October 25, 2013 and with updates related to third quarter 2013 financial information. The Amended S-4 will be available on the SEC's website beginning Tuesday, October 29, 2013.
Gee..I suppose I have now choice do !? The question is, once they release them, will you understand them?
My guess is you will not.
You have simply no idea. If you actually spent any time looking at Linn's production vs. hedge book you would, though. But I understand that is just beyond your capacity, even as it's difficult for everyone else here to understand how limited that is. Every once in a while...rare it is...you will show some indication of comprehension, then you blow it all with some fantasy world interpretation of ...something.
It is too bad, but the entertainment value you provide is ...I wouldn't call it priceless, more like..absurd.
"Makes sense not to do the call until management can gauge market reaction to results"
What a crock.
That never made a difference before, why should this quarter be any different? If Linn management is making decisions according to what the price of their stock does, everyone needs to sell now.
What a maroon.
Do you enjoy going around in life not knowing much of what is going on around you? Evidently, you must.
And, as someone noted earlier, higher production doesn't necessarily mean higher revenues. We won't know how much ethane is rejected, for example.
I do expect to see that the acquisition has closed, and along with that, new hedge amounts.
A new study by an oil and gas industry-funded research group suggests that converting natural gas to ethanol may not offer any benefits over other feedstocks. According to the analysis released yesterday by the Institute for Energy Research, the conversion of natural gas to ethanol may increase carbon dioxide emissions and lose a substantial amount of energy in the process.
“Producing ethanol from natural gas is expensive, emits significant amounts of additional carbon dioxide, and is wasteful of the energy content as well as the hydrogen content of the natural gas that can be used more efficiently in alternate applications,” the study found.
But according to the study from IER, the life-cycle carbon dioxide emissions from creating ethanol from natural gas are higher than those of petroleum-based gasoline.
Even with technological improvements, the study predicts that ethanol from natural gas is unlikely to ever meet the carbon dioxide reductions set forth in the renewable fuel standard. In order to qualify for the standard, a renewable fuel must reduce carbon dioxide emissions by at least 20 percent compared with a gasoline base line.
Converting natural gas to ethanol also results in a 50 percent loss in the energy content of the gas, according to the study.
“Any public policy that supports government subsidization of [ethanol from natural gas] will be misguided from an emissions perspective and wasteful from a fiscal perspective,” the study says.