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Linn Energy, LLC (LINE) Message Board

staggman99 240 posts  |  Last Activity: 2 hours 25 minutes ago Member since: Nov 1, 2006
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  • Reply to

    OT: SDLP ups distribution

    by marklibera Oct 28, 2014 9:51 AM
    staggman99 staggman99 Oct 29, 2014 11:48 AM Flag

    sarge...I added more SDRL and NADL this morning, as I still feel they are both over sold...I just do not see either one of them dropping more in share price, in the future, than their current yield (which is about 17%)...! $tagg...!

  • Board members...I saw on CBNC the other day that the cheapest way to get oil (cost per barrel) is off-shore drilling and the most expensive way is fracking...my opinion is, that if oil prices keep dropping, there will be a lot less fracking and there could be even more off-shore drilling because of that reason (companies always chase the profits)...! Just something to think about going forward (I did add more SDRL and NADL to my current holdings today)...! $tagg...!

  • Board members...Verde Potash is 'up 39.9% today'...I have a small position in it, no yield just guts...! William and myself are about he only investors that follow it, as all farmers like fertilizer...! $tagg...!

  • Reply to

    THE COST TO PRODUCE OIL...!

    by staggman99 Oct 29, 2014 12:05 PM
    staggman99 staggman99 Oct 29, 2014 6:06 PM Flag

    mark...I did not say it was true...however, a lot of investors need to learn a bit more about the oil business before they invest their money in it...also, off shore oil wells produce a lot more oil over a longer period of time...off-shore drilling rigs Thunder horse and Atlantis produce 6% of all the oil used in the U.S.,...

    I also know about plastics, as I sold a house to the second largest plastic company in the world (Berry Plastics) in Evansville, Indiana....BERY is also the fastest growing plastic company in the world...Ira Boots (now retired) is the one that build Berry Plastic up from nothing...BERY offered both of my sons top jobs to work there (before they open their engineering firm)...I put long message on message boards about BERY well over a year ago...

    I also agree that all of what we read and hear is not true...but a lot of investors have been losing a lot of money in the oil sectors because they have been so bull-headed...I am not always right (and I admit when I am wrong)...more, a lot of investors are very hot on the pipelines at this time and most of them are growing fast and producing nice profits...however, in my opinion a lot of the pipelines are very over valued at this time (very low yields and high p/e ratios)...! BERY is up 26.7% in the last 12 months (good growth without yield)...! $tagg...!

  • Reply to

    THE COST TO PRODUCE OIL...!

    by staggman99 Oct 29, 2014 12:05 PM
    staggman99 staggman99 Oct 29, 2014 6:21 PM Flag

    william...I agree, but there are a lot of drilling companies that make money from' just drilling' oil wells regardless if they hit oil or not (they get so much to drill a well and a percentage if it hits)...I have been around oil all my life, they just had a dry hole on a well just 500 yards from one of my farms...I also have some of the largest oil storage tanks (two of them) in Hamilton county sitting idle on one of my farms at this time...! They would not pay that kind of money (to drill off-shore wells) if it was not highly profitable...! $tagg...!

  • Reply to

    THE COST TO PRODUCE OIL...!

    by staggman99 Oct 29, 2014 12:05 PM
    staggman99 staggman99 Oct 30, 2014 7:24 AM Flag

    ed...thanks for the reply and my whiskey 'always taste good'...however, I made a couple of bad calls on grain prices; first, I said corn prices would be higher and then I said they would stay low, and I was wrong on both accounts...

    I hope mark is reading this message..because I need somebody to explain to me why SDRL has a p/e ratio of 2.6 and why NEWM has a p/e ratio of .82 as they both seem very cheap to me...more, I guess I am the only investor that looks at p/e ratios, but WMC has a p/e of 4.9 and AWLCF has a p/e of 3.2...

    Back when I first bough AI it had a very low p/e ratio and it has done fine...! OK, somebody jump in here and educated me on some of this...! $tagg...!

  • Reply to

    THE COST TO PRODUCE OIL...!

    by staggman99 Oct 29, 2014 12:05 PM
    staggman99 staggman99 Oct 30, 2014 7:54 AM Flag

    mark...you are not being fair again as I am not allowed to talk about LINE (because you get upset when I do)...but since you were the one that brought it up, LINE, EVEP, PER and SDT have all been real steady losers...

    More, I did not say that I believed or disbelieved what was said on CNBC, I just stated what they said...I also remember when Yahoo was about $150 a share with a very high p/e ratio and a lot of investors said it did not make a difference (it made a big difference)...

    That said, most of the companies that are searching for oil by fracking are not the major oil companies, the companies that are fracking do not have the resources to do off-shore drilling like BP and the others...! mark, my net income has tripled in the last 12 years (since i retired)...I must be doing sometime right even if I
    miss the revolution...! $tagg...!

  • Reply to

    THE COST TO PRODUCE OIL...!

    by staggman99 Oct 29, 2014 12:05 PM
    staggman99 staggman99 Oct 30, 2014 10:04 AM Flag

    ed...you are correct, nothing in my portfolio has done as good as EPD or MMP...sometimes your message are a bit hard to read, but your tips are outstanding (good for all of us)...! Please keep up the good work...! $tagg...!

  • Reply to

    THE COST TO PRODUCE OIL...!

    by staggman99 Oct 29, 2014 12:05 PM
    staggman99 staggman99 Oct 30, 2014 10:34 AM Flag

    sarge...I admit that I have taken a beat down in off-shore drilling and that I should have waited and not bought more SDRL yesterday...however, I have a few more rabbits left in my magic hat...I can still dollar cost average more shares with farm income, future dividends and maybe move around some other funds that I have...

    My investment model always take in account for some bad investments...for the record, I did take some profits on both SFL and SDRL and then bought shares back again cheaper...but I am still underwater on SDRL (yield now almost 18%) YTD...however, since December of 2009, I am up 39.1% in Total Returns on SDRL which is 6.9% annualized (very poor, but still in the money)...! $tagg...!

  • Reply to

    THE COST TO PRODUCE OIL...!

    by staggman99 Oct 29, 2014 12:05 PM
    staggman99 staggman99 Oct 30, 2014 11:36 AM Flag

    mark...as I understand it, the production cost of a barrel of oil from fracking is about $70 a barrel and the cost of a barrel of oil from off-shore drilling is below $60 (again these numbers were on CNBC)...

    For the record, LINE and SDRL have 'about the same' Total Returns from December of 2009 until now...my main point is, that if oil prices keep falling, fracking will stop before off-shore drilling does...lets hope oil prices don't fall far enough for us to find out if I am correct (they are already turning off some producing oil wells in southern Illinois, southern Indiana and western Kentucky)...! $tagg...!

  • Reply to

    OT: WSJ article on oil prices

    by marklibera Oct 30, 2014 1:25 PM
    staggman99 staggman99 Oct 30, 2014 4:02 PM Flag

    mark...maybe you will tell us why NEWM is doing so good today (It is now up almost 8%)...it cannot be because of the very low p/e ratio can it (???)...maybe they put a new pipeline into their earnings, lol...I got out of all oil and natural gas investments well over a year ago (except for those related to MLPL) and its a good thing that I did...mark, I 'always brag on you' when you are correct...how come you will not admit I was right about a lot of the oil and natural gas stocks in the past (???)...! If Little Susan was here she would make you suffer...! $tagg...!

  • Reply to

    Oil prices

    by marklibera Oct 30, 2014 10:35 PM
    staggman99 staggman99 Oct 31, 2014 7:40 AM Flag

    Board members...it is not possible that lower corn prices can reduce food cost, because corn prices have already retreated over $5.00 a bu. (current cash price of corn is about $3.20 a bu.)...also, GMO corn that ethanol is made from is always about 20 cents a bu. cheaper that regular corn...

    More, the current demand for ethanol 'is increasing' because lower gasoline prices have also increased the demand for ethanol (people are now driving a lot more)...we only have about 2% excess refinery capacity in the U.S., yet ethanol is well over 10% of our fuel...ethanol makes more fuel available at a lower price and 'we also export ethanol' to other countries...

    That said, I have a Ford 150-4x4 truck (flexfuel) and I get about 2 miles a gallon less on the highway and about 3 miles a gallon less in city driving with E-85 and E-85 is always at least 40 cents a gallon cheaper...! Voodoo economics will never win but good investing
    will...! $tagg...!

  • Reply to

    Oil prices

    by marklibera Oct 30, 2014 10:35 PM
    staggman99 staggman99 Oct 31, 2014 9:43 AM Flag

    Board members...there is 'no subsidy' on ethanol (there was a a subsidy of about 45 cents a gallon at one time and it was also taxed back at the pump), there is now a mandate...besides, look at all of the tax breaks that the oil and natural gas industries get (and that is a good thing)...

    More, food stamps and the school lunch programs are now about 85% of the farm program, most of the rest goes to cotton growers and peanut farmers which makes our food and clothes cheaper (I grow corn and soybeans)...! $tagg...!

  • Board members...NADL (yield about 16.7%) is still doing fine price wise, yet SDRL (yield now about 18%) is taking a beat down in share price...the fact is, that SDRL owns most of NADL and that is why this is so weird...I feel that SDRL is way over-sold and I will add more in the future (when I have available funds)...! Most of my other holdings are doing really good and I am looking forward to November (October was a bummer)...! $tagg...!

  • Reply to

    MLP is scored a winner by SA

    by madmax19471952 Nov 1, 2014 9:15 AM
    staggman99 staggman99 Nov 2, 2014 9:01 AM Flag

    sarge...great posted message (good for all of us)...you message explains a lot of different things that have been going on in the MLP sector...you message also tends to suggest that one of my core favorites (and leading gainer) MLPL (yield about 8.8%) is still 'a strong across the board play' in the MLP sector...

    Some investors feel that I over-do the high yield thing on my holdings....however, at this time my average weighted yield is now 15.1% and that gives me a lot of slack, price wise, to play with...that said, my crop yields have been outstanding this year, but the 'grain prices are terrible'...there is always money to be made somewhere, but farming 'is not that place' this year...

    More, as I looks over some of 'my watch list' NEWM, HQL and HTGC are among some that seems to be on a long term uptick and have nice yields...I wish they were in my long term holdings as their future is still looking bright...! $tagg...!

  • Reply to

    Next six months...

    by bayman667 Nov 2, 2014 2:14 PM
    staggman99 staggman99 Nov 2, 2014 4:09 PM Flag

    bayman...they also say that a 'recession and higher interest rates' are signs of a bear market and I don't see either one at this time...the October time Frame is gone and I think we will see a slow rally that will pick up speed going forward...lower oil and farm prices are good for most businesses and if we get a strong Santa Clause Rally everything will be fine...

    Again, I took profit some lower yield holdings and reinvested those funds at a lot higher yields...my off-shore drillers are hurting my portfolio at this time (except for NADL) and I plan to ride it out and maybe even add
    more to them...we hate to lose any principal, but if none of my current holdings reduce their yields, I will probably be sitting in the sweet spot going forward...! Good luck and keep in touch...thanks for the information...! $tagg...!

  • Reply to

    Finally our combat Marine is coming from Mexico

    by norrishappy Oct 31, 2014 10:19 PM
    staggman99 staggman99 Nov 2, 2014 4:25 PM Flag

    Board members...in Illinois 'it is a felony' to have a loaded gun in a vehicle...the gun/guns must be unloaded, out of reach and in a case...more, if a person that has been convicted of a felony in the U.S. has a gun in their possession (even in their own home) they can get 5 years in the federal lockup (sounds a lot like Mexico to me)...! $tagg...!

  • Reply to

    SDRL's Debt is Greater than their Market Cap

    by stockman5206 Nov 2, 2014 5:46 PM
    staggman99 staggman99 Nov 3, 2014 6:20 PM Flag

    stockman...when debt 'is income producing', debt is a good thing (it is that simple)...! $tagg...!

  • Reply to

    Looking at GS, BAC BA YHOO

    by madmax19471952 Nov 3, 2014 12:54 PM
    staggman99 staggman99 Nov 4, 2014 9:30 AM Flag

    sarge...ADM earnings are up sharply on an increase profit from ethanol sales and ADM also has a strong forward outlook...ADM 'beat the estimated earnings' in the third quarter...! $tagg...!

  • Reply to

    Big day

    by marklibera Nov 4, 2014 8:58 AM
    staggman99 staggman99 Nov 4, 2014 9:39 AM Flag

    Board members...ADM turned very strong earnings on an increase in ethanol sales...ADM should continue to do well because they benefit from low corn prices (they are the worlds largest processor of corn)...at this time, ADM is on the fast track and SDRL is on the slow track...! $tagg...!

LINE
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