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Linn Co, LLC Message Board

rogerc39 3194 posts  |  Last Activity: Nov 26, 2014 5:07 AM Member since: Mar 9, 2005
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  • Reply to

    Gap down coming, we is stuck now.

    by rogerc39 Nov 26, 2014 4:11 AM
    rogerc39 rogerc39 Nov 26, 2014 5:07 AM Flag

    I bought as a multi-decade hold to pass on. I liked the dividend but I can take a dividend-less year or two if it improves the company's chances of surviving and prospering going forward. I think this move does so. Fredricksen seems to have learned a lesson from his FRO problem.

  • Looks like a gap down to 15 to 17 area. At least uncertainty about dividend is over. Yuck. Seems to be quite a few contract extensions.

    Is the strategy to drive the price down and buy back ten percent of the shares super cheap before the stock price moves back up? John does think out of the box.

    At the least SeDrill is making moves to eliminate bankruptcy fears and accumulate some cash for bargain hunting while the industry is on its posterior.

    Sentiment: Hold

  • Reply to

    OK we sold West Vila to SDRP

    by rogerclaraw Nov 4, 2014 9:51 AM
    rogerc39 rogerc39 Nov 4, 2014 10:03 AM Flag

    At first glance it looks good to me. Almost half a billion dollars of Seadrill's debt is wiped out, Seadrill gets a couple hundred million in cash, and for five years until the contract runs out Seadrill gets 84,000 dollars a day.

    Of course after 2020 the ship will be gone from Seadrill (technically) instead of making money for Seadrill. Times are getting tough right now for drilling companies and this looks like a good idea to shore up the balance sheet.

    Not real sharp in this type of finance so if I understand things wrong someone please correct me.

    Sentiment: Hold

  • Reply to

    Options

    by jim06744 Oct 17, 2014 1:00 PM
    rogerc39 rogerc39 Oct 17, 2014 1:49 PM Flag

    "They" will likely tell us exactly what to deliver once the rights have expired. Never been in this type situation before so just guessing. Maybe if the rights expire selling for 40 cents "they" will make folks like me who are short the calls deliver 40 dollars per call immediately. But if so who would I deliver it to? Would it complicate my income tax return for a piddling sum? Reckon we just wait and see. As you say a minor thing really but interesting.

    Sentiment: Sell

  • Reply to

    Options

    by jim06744 Oct 17, 2014 1:00 PM
    rogerc39 rogerc39 Oct 17, 2014 1:16 PM Flag

    I am short a few January calls. Etrade changed the symbol from SHLD to SHLD2. The contract was changed to me delivering 100 shares of SHLD and 100 rights if the calls get exercised. The rights will expire in a couple of weeks or so. I imagine they will use the final trading price of the rights and make me deliver that in cash along with 100 shares of SHLD. Maybe some formula to determine the amount of cash. Maybe a little cash for the rights even if the contract expires worthless as far as the stock itself is concerned.

    Sentiment: Sell

  • Reply to

    Edgar filings on Ackman and PAH

    by spirallocks Oct 13, 2014 6:19 AM
    rogerc39 rogerc39 Oct 13, 2014 8:35 AM Flag

    Ackman is a clown maybe but I got a six-bagger following him into GGP when it was in bankruptcy. He has had, and will have in the future, his moments.

    Sentiment: Buy

  • Reply to

    Falling knife.

    by danreeves1982 Oct 10, 2014 10:02 AM
    rogerc39 rogerc39 Oct 10, 2014 11:11 AM Flag

    Saudi Arabia supposedly needs 100 dollar oil to fund its budget. However if oil is a little below 100 Saudi has a mere 400 billion dollars in reserves available to make up the difference. Saudi could take several years of low oil prices easily.

    Sentiment: Buy

  • Reply to

    3 Cheers for Hedge Eye and Barrons

    by mymindsmadeup Jun 30, 2014 11:31 PM
    rogerc39 rogerc39 Jul 2, 2014 6:06 AM Flag

    What is the " OLB troop"?

  • Reply to

    Seadrill Inks Pact with Russians

    by save_n_investte May 27, 2014 9:40 AM
    rogerc39 rogerc39 May 28, 2014 7:29 AM Flag

    Only Democrats get multiple votes, sometimes continuing until well after death. Us Republicans can only vote once and then must hope against hope that the vote is not "lost".

  • Reply to

    Effective date of 6/1/14

    by luvtcatpopis May 22, 2014 5:08 AM
    rogerc39 rogerc39 May 22, 2014 7:08 AM Flag

    That depends. 9 to 12 cents a year would be about one cent for June. Then if the trade has not yet closed when Q2 earnings come out the odd cent cannot be counted. An extra 3 or 4 cents in Q3 will be enough to cover the distribution fully in Q3 assuming no black swan disasters.

    Sentiment: Buy

  • Reply to

    9 More Tender Offers

    by fragilebill May 19, 2014 6:09 PM
    rogerc39 rogerc39 May 20, 2014 1:23 AM Flag

    You should be careful about insulting us old folks. You may hurt an old dude's feelings and be reported to our Dear Leader's thought police. They will send you to one of the Dear Leader's re-education camps for an attitude adjustment. Once in a camp there is a 71.8 percent probability that you will never be heard from again.

    Sentiment: Buy

  • Reply to

    PRICE IS THE ULTIMATE TRUTH.

    by sailhappily May 1, 2014 9:55 AM
    rogerc39 rogerc39 May 1, 2014 10:29 AM Flag

    What difference does it make now? as Hillary might say. LINE's production for 2014 is at or close to 100 percent hedged. Thus movements in spot oil prices don't mean much to LINE.

  • rogerc39 by rogerc39 Apr 3, 2014 3:49 PM Flag

    Steady men, steady. don't fire until you see the whites of there eyes.

    Sentiment: Buy

  • rogerc39 by rogerc39 Mar 2, 2014 5:42 AM Flag

    Putin against Obama is like a sub-teenage boy with morals brought up in a gentle environment going up against a hardened mature KGB killer. The boy may get lucky and win but basically his chances are pretty slim.

  • Reply to

    LINE is down because of BWP going down 50%

    by sandra888us Feb 13, 2014 9:43 AM
    rogerc39 rogerc39 Feb 13, 2014 10:02 AM Flag

    I second the previous reply. BWP is mainly a pipeline company, LINE/LNCO a field production company. Apples and oranges. As long as the dividend seems safe, which it does for the foreseeable future, I will ride out the dips and collect my money every month.

    That said, BWP's troubles last week are probably the main reason for the recent drop in LINE/LNCO but the effect will only be temporary and the episode will be forgotten in a few months when LINE/LNCO's earnings, DCF, and distributions/dividends are all higher.

  • Reply to

    Next Dividend

    by iguanaman_99 Feb 4, 2014 7:09 PM
    rogerc39 rogerc39 Feb 4, 2014 11:54 PM Flag

    If AGNC had 65 cents in taxable income in Q4 (yes) and if things in Q1 are really going better than in Q4 (as management has indicated) then why would AGNC have to cut the dividend again? Your 50 to 55 cent prediction may turn out to be correct but I expect to at least see the last 65 cent dividend be maintained with a small raise not beyond reasonable hope.

  • Reply to

    MU taking on debt?

    by aboveboardtoward Jan 31, 2014 9:46 AM
    rogerc39 rogerc39 Jan 31, 2014 10:14 AM Flag

    Replace convertible debt that is above the conversion price with straight interest debt at a time of low interest rates. Sounds good to me. An eight year bond issue with the interest rate still being negotiated. Assuming that the Micron stock price is going to go up in the next year or two, which most rational posters here presumably do, this is a logical move.

    Sentiment: Buy

  • rogerc39 rogerc39 Jan 28, 2014 11:27 PM Flag

    I assume the prices you show are for WTI. It is my understanding (often wrong) that the California production LINE got from the Berry deal sells at Brent prices. A double bonus from Berry, higher percent of production is oil and the price received for that oil is a little higher.

    Sentiment: Buy

  • Reply to

    OLB Deleting Posts again - Propane

    by norrishappy Jan 27, 2014 12:59 PM
    rogerc39 rogerc39 Jan 28, 2014 11:10 PM Flag

    What is OLB?

    Sentiment: Buy

  • rogerc39 by rogerc39 Jan 16, 2014 12:07 AM Flag

    Someone please be kind enough to correct me as I do my own taxes and have not encountered a stock like this before.

    Our 2013 "dividends" turn out to be entirely a return of capital. Thus in my tax return for 2013 I will pay no taxes on them. My broker Etrade will, however, reduce my LNCO cost basis by the amount of the return of capital. At some point in the future if I sell my stock for what I paid for it that year I will have a capital gain equal to the cumulative amounts of ROC.

    Assuming I hang onto LNCO for over a year, as I expect to, this is to my benefit. I pay my taxes later instead of now. I also pay at the long term capital gain rate instead of the non-qualified dividend rate.

    Does I has it right or is I full of u know what?

    Sentiment: Buy

LNCO
10.87-0.44(-3.89%)Dec 24 1:00 PMEST

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