Exceptionally well said... This is not the first time that oil prices wildly fluctuated, and will not be the last... LINE and/or LINN are well positioned to buy-out those companies that falter at bargain prices...Not in it for the trade but for long-term...
Agreed...I noticed the Cooperman filing also... The total stock beneficiaries was quite substantial...
Nice to see an optimistic post! Still holding on purchasing more based on pricing of oil if it breaks 79.00 per barrel... Has been a wild ride today...GLTA
Ghondulal: that is actually great advice... Not sure if LNCO has bottomed but will gladly stay with this one... At 22.80 it was a steal yesterday to add to existing position... enots overview is basically correct, regardless of the covered call precept, concerning financial stability and dividend... Still watching oil pricing and waiting to see if it breaks 82.00 this coming week if it does energy will take another beating and anything associated with it, like LNCO, and would consider adding even more.... GLTA
I have to agree with you that there is still room for further degradation... It has broken through its 52 week low and still might have further to go... added at a small increment at that mark and now waiting for a bottoming technical signal that may or may not come within the next few days before adding more... Once comfortable about technical stasis will add more... GLTA
Agreed... In a market downturn/correction the baby gets thrown out with the entire bathtub... Adding in small increments until a solid bottom is attained... definitely reaching oversold status... GLTA
When there is " blood in the streets" is the time to buy... Been with this stock since inception and at one year lows it may be time to add even more... Just do not understand the rationale to sell a 10% dividend company with assets and cash on hand to more than cover its continued dividend... GLTA
Sentiment: Strong Buy