go5shawk, you like to post stories?
Oh, I see, now you would like to interpret some theme?
So you just twisted what I actually posted into some false claim that you made about what you wanted instead....I thought so........pretty typical.
...so now you post this:
"You may not have specifically referred to slide #13,"
Then why did you falsely post that I did?
Nothing better to do than make up stories?
ops...try to get your facts right....once in a while.
I said to look at the bottom of slide #5 in the March 25 2014 presentation....
Please feel free to post exactly what it does say...
It is Linn managements words....not mine.
funny post alert...
....just more board games?
" I know a poster said...etc"
Well......from his message history....did he say it?
"Who paid you to come on this MB and question the distribution? It is safe and you need to move on. Take a hike chap. "
See slides #12 & #18 in the New Linn presentation form today....March 31, 2014.
You might like those
You may want to check your facts a little more carefully:
"Falling NGL does not hurt LINN as they are hedged through 2019 fool."
if you prefer to save some time, just ask Norris what is wrong with your statement.
ops...fine if you say so...
Then you tell us where it is in the conference call for once instead of me having to post he time locations.
....since based on your past posts....you will not be too surprised that merely by you stating this:
"Hey sand I already heard it......that I still have doubts.....you really expect me to believe it?
....so prove it.
...where it is in the last call?
and your attitude...."So should I be bowing down or what."
You asked for helpful info....you got it ....and apparently did not like what it is....so you get an attitude?
So, go ask someone else for help... I doubt you will get it.
ops....more negative spin- rrb-nonsense or do you want some helpful information?
If you are looking for an answer and not to just twist info...here is where you can get it:
"RBC Richardson Barr to assist with "
Go to the RBC Richardson Barr webpage and look at their transactions page.....there will be no wait.
They also recently did the SD $2.6 Billion Permian deal in Feb 2013.
They did 6 Linn deals....including the recent East Goldsmith Permian basin deal ($525M), & the BP deals sold to Linn.... lots of other big ones up to $7.6 Billion..
Oh, then you might also want to take a quick peek at Mr. Rockov's background which is posted on the Linn website.
See anything familiar?
ops...it is discussed in the last conference call...
"companies waiting to beat down their door to buy right away. "
Mr. Ellis commented that they have "tremendous interest"
Mr. Rockov explained about a private equity co buying one or more of the 8 packages and then spinning it into an IPO to capture the difference in values between the private & public market and BOTH of their comments are well worth the time to hear...
And, it does look like they will not have any wait....since the co doing the assist is one that already has 6 familiar past Linn-deals listed right there on their transactions page.
ronharv, well maybe partly correct....
" the last I heard short selling has been legal for more than a century"
Maybe you should catch up on your reading a little?
To save time, just start at section 929.
Prohibits "manipulative" short selling and requires the SEC to issue rules expanding short sale disclosure requirements.
Then you might ponder a bit and ask yourself, well,....was it manipulative short selling?
So, what were those well timed hit-piece articles in the news during the Linn bear-raids?
you really are still a clown....
After you re-read slide #30 in the feb. 12, 2014 presentation that shows the distribution was never reduced....then maybe you can let us all know when you see the distribution reduction in your crystal ball since it "isn't in the near future?"
"As for the distribution cut, I'd bet that a cut isn't in the near future."
Can't you come up with any new material....just more old basher-re-runs?
How about the hedges again, the coverage ratio, the added cost for BRY, how about the price of oil .......lots of re-runs.
don't you think that you should give credit to Wikipedia when you just copy?
Did you notice who the largest holders of LINE are?
Top Institutional Holders
Holder Shares... % Out.... Value* Reported
JP Morgan Chase & Company ....4,447,538...1.34 ...... $136,939,695 ....Dec 31, 2013
Cooperman, Leon G. .... 2,552,419 .....0.77 .....$78,588,981 ....Dec 31, 2013
wow, been busy all day?
"SAND....we need a few slides"
So, here is a slide just for you.
Why not start here,...............see Slide #30 in the LINE presentation from Feb. 12, 2014.
Please tell everyone what it tells you.
.....everyone is waiting to hear one of your thoughtful posts.
"400 ACRES is not a base line to judge from"
It seems like a starting point or at least one to look at....right?
........BBEP paid $47,890 per acre....[$19,300,000/403 acres= $47,890/acre].....right?
with 190-200 BOE/day of production....
Linn has ~ 160,000 acres and more than 25,000 boe/day Permian basin production.....
so we are back to the same question.
....which comps do you use?
....maybe we just should look at about dozen more transactions in the area also to get a better idea of values?
"sands problem is he thinks like an accountant with blinders on..."
do you ever address the points being discussed or do you try to stick to the less analytical personal jabs which everyone sees as just what it is.....just more meaningless chatter.
You remind me of someone.....now who would that be?
on your comment: " doesn't allow a new one to be built, last new refinery was built in 80's I believe,"
Did you overlook the refineries now being built?
There is plenty of info about in the news for about a year or more.
"Refineries sprout in North Dakota, bucking the trend
By Ernest Scheyder
DICKINSON, North Dakota Wed Apr 10, 2013 9:00am EDT "
no need, but thanks.
and while you seem to want to exclude the acquisitions....you can't since that is a major part of Linn's growth strategy.
Maybe you should start by reading Linn's "strategy" section on their website instead of trying to compare MLPs [some]with a GP, to a LLC with none, & a different strategy?
All those others have the same strategy as Linn?
LINN Energy’s primary business objective is to provide stability and growth of distributions for the long-term benefit of our unitholders. The company’s business strategy is comprised of the following key elements.
Grow Through Acquisitions of Long-Life,
High-Quality U.S. Assets
LINN Energy's acquisition program focuses on U.S. oil and natural gas basins that provide significant opportunities for future growth and consolidation. We target assets that are financially accretive and provide long-life, high-quality production with relatively predictable decline curves and low-risk development opportunities. We evaluate acquisitions based on decline profile, reserve life, operational efficiency, field cash flow and development costs.
Organically Grow Reserves and Production
LINN Energy maintains a large inventory of drilling and optimization projects to achieve organic growth through its capital program. We implement drilling programs and optimization projects intended to not only replace production, but also grow production and reserves. We focus on low-risk, repeatable drilling opportunities to maintain and/or grow cash flow. Many of the wells are completed in multiple producing zones with commingled production and long economic lives. The number, types and locations of wells varies, depending on our capital budget, well costs, anticipated production and estimated recoverable reserves.
Reduce Cash Flow Volatility through Hedging
LINN Energy has attractive commodity hedge positions in place to provide long-term cash-flow predictability to pay distributions and manage its business....
okay, ops...if you say so....but,
This is what you posted:
"I didn't twist anything. If it be LINE or any other stock that should say "immediately" after any closing. I expect to hold them to that immediately and not give them any excuses like you wish to do."
You did twist what they said and the meaning from what Linn actually stated into what you wanted it to mean instead....see below for the detail.
and what you posted [""immediately" after any closing"] was clearly NOT what Linn posted....right?
...........this was the actual language Linn used in the original news release:
"The recommended increase is anticipated to take effect in the quarter immediately following the closing of the transaction,............."
Now, you twisted their language and meaning into
" "immediately" after any closing"
THEY clearly MEAN very different things......right?
But, thank you for re-posting it again for everyone to see.
Director and Founder Michael C. Linn founded LINN Energy in 2003. Since then, the company has grown from a handful of natural gas wells with a few employees into a top-15 publicly traded, multi-billion dollar E&P company with approximately 1,100 employees in more than two dozen offices across the United States. Headquartered in Houston, Texas, the company's core focus areas are the Mid-Continent, Permian Basin, Hugoton Basin, Rockies, Michigan and California.
LINN raised approximately $261 million through its initial public offering (IPO) in January 2006 and had an initial equity market capitalization of approximately $584 million.
By year-end 2012, the company had closed an estimated $10 billion in acquisitions, paid its 27th consecutive quarterly distribution to unitholders and grown to an enterprise value of more than $15 billion. LINN has approximately 4.8 Tcfe of proved reserves in producing U.S. basins as of Dec. 31, 2012. Completed a $1.3 billion initial public offering (IPO) of LinnCo on October 17, 2012, representing the largest E&P IPO.