Technology improves, so its not about the price of oil only, its margins also. As prices fall, suppliers will lower costs, lower CAPEX until stable prices for a while, then Technology will improve yield and margins will be better, thus covering some ground for lost price. Just listen to EOG resources CEO speak of lower prices, in the short-term, oil/energy companies take hits in stock values, later, some emerge as giants with new technologies and while others get bought out to be part of new giant consortiums. This is indeed a double edge sword, that is low OIL PRICES! Stick to what you like best, MEMP, LINE, LNCO, BBEP, there will be a big winner amongst them.
Lately , I had been buying LNCO as well.
I am accumulating on down days, LINE, LNCO, MEMP, BBEP, MSFT & BAC
I really like AAPL but at 115, doesn't offer much of a chance to go far over next 6 months.
I sold BABA for more LINE.
Best wishes for a Healthy & Happy Holidays for ALL.
Swap with LNCO shares
Collect huge monthly divvy of 24 cents a month
Goldman positive on line / LNCO stock with $26 price target
Getting better than 1:1 ratio in premkt
After market open, may be too late!
Goldman talked positively of LINE / LNCO
$26 target vs Sell rating for SDRL
Analyst mentioned line/lnco paying full divvy vs none for SDRL
Analyst Durbin of GS said selling in LINE / LNCO way overdone vs SDRL SELL NOW!
No good! Change to LINE energy, swap your SDRL shares to LNCO , you will get more than
1:1 ratio, GS has LINE / LNCO at Neytral rating with $26 target, GS analyst called selling in LNCO / LINE way over done, also mentioned that LINE / LNCO will maintain divvy avg 26% at time of write up! few days ago! when LINE / LNCO trading 9's/ 8's, now 12's / 11's
Clearly a Classic run of back and fill, 12.56 is pivot, so yes, it could close GREEN if slight advance to the 13$ area, it could close 13.80+
use them as trading shares!
188% potential rise
No divvy suspension or cut
Scary to be short, or in waiting to buy,
This could pop $5 today
Will cause stock to soar lot higher, many investors follow GS like lemmings, that changed everything rather quick, now we will get momentum players to buy calls, stock, attract new divvy savvy players, and get back those who had sold out due to fear, margin sale, or sellers remorse. This is going lot higher, the analyst at GS, Durbin, had LINE at highest potential gains of 188%, that's how absurdly low it was at 9 and change, some we're pricing in divvy suspension, GS analyst notes that LINE will pay entire divvy, no reason than to not be at least at $20 right now!
Actually it was 66%, considering it fell from 32.50 downward to 9.68 when he downgraded.
This analyst is LATE to the PARTY! If i were his client, I would have him Fired!
It's going higher! Hopefully some very greedy shorts get burned along the way :) lol!
Expectations that the sale couldn’t go through helped push down the stock, Jeansonne said. Linn Energy will use the proceeds to cut debt to about $10 billion from $11.9 billion, he said.
This is from sale of granite and Permian properties that closed yesterday!
We are going higher!
Too many downgrades, cuts, lowered price targets etc!
Now after bad news the stocks don't fall much, for example with line downgrade by Bair, stock down 10-15 cents.
M&A activity like TLM with Repsol, Bhi with HAL, not really being talked about,
Finally, volume of stocks was highest in sector.
Stock doesn't want to run lower by much on that call. Separately, linn is paying of 16% debt with money from Permian and granite sales and cutting budget for 2015, all good so far! Buying opp, I know I keep repeating its a buy, I know upgrade to Strong Buy!
I did, 11.27, 10.78, 10.30, 9.93 , I do realize that the stock is falling so fast, scares me a lot at times, but I have seen this game many times in the market. I dont believe LINE will be out of business, I mean they deal in GAS also, no mention about that, Its not only about OIL. BOL 2 ALL!
At this point in time it doesn't matter as its already FACTORED IN to the price!
should they keep divvy and oil goes to 80$, this could be $25$/share real quick!
I think we hit BOTTOM, I just bought more at 10.08 missed the single digits as I was busy.
too much volume and downward selling = BOTTOM!