Coming a long way since inception
Linn Energy started off as a company with just a few natural gas wells in 2003. Dozens of transactions and acquisitions later, the company is now a leading independent exploration and production company in the US.
Considerable transformation since IPO
Linn Energy’s IPO in January 2006 raised $261 million. The company’s market cap has blown up since then, and currently stands at about $3 billion. The company has grown over the years since its IPO. It has engaged in 62 transactions totaling about $17 billion. This would likely suggest that management has been doing a good job of taking advantage of growth opportunities. It hasn’t become a leading independent E&P company by getting lucky.
Then it is time for everyone to write their congressman!
Good move... I should have done the same thing... What a snap recovery. Whenever the rest of the market tanks taking PCTY down with it... always opens up a buying opportunity. Quick gains for you John! Congrats.
Maybe you should be the one to do some studying!
Reasons Oil and Gas as well as other commodity companies are falling!
-Why are these commodities tanking? First, there simply isn't enough demand. Yes - Tighter Oil Market on Underestimated Demand
-China's slowdown is playing a huge role in the demand picture.
-Something dramatic is happening in the commodities market, as the chart below from the IMF, which represents a composite index of prices in agricultural, metals and hydrocarbon markets, shows. The market peaked in September 2013 and has trended downwards ever since, but it wasn’t until late 2014 that we began to see the precipitous falls reminiscent of the crash during 2008 when the world economy went into recession. The market appeared to stabilize in the first half of 2015, but composites are down 10% this month and are at their lowest level since the crash.
- In the long term, commodity prices will recover. The majority of the world’s population lives in countries which have not industrialized, and it won’t be long until they do. Hundreds of mega cities around the world are taking shape, and all of these will be hungry for steel, copper and oil.
Trust me this ain't my first rodeo. You have to be right all the time. When you are wrong... You just ignore it and keep spewing your stupid comments. I'm way ahead in my portfolio for 2015 and I plan to buy LINE AT $3.98 - if it hits that today. If it dead cat bounce to $6... I'll make a nice profit. But, I'm not coming here gloating or bashing like you do. I listened to enough of the CC to know that once the overreaction will occur ...I'm getting in as close to a bottom as I can. I've seen this happen a hundred times.
Are you such a total dip? At the END of Sept. IS OCTOBER! You have to get all semantics on me. You are just itching to fight with people here. GET LOST!
One other note... What do you think you bring to this board with all your negativity? You make post after post after post. Perhaps you need a hobby instead of taking satisfaction at trying to be right all the time at the expense of those hurting right now. THINK about what you are doing. It sound to me like you are short and only trying to push the price down further. If that is the case...Then I have nothing to say to you or listen to what you have to spew.
I did listen and have listen to other oil and gas companies like WTI...etc... They all have the same thing going on right now. It is not a board or CEO issue or how they acted on the CC. They are perhaps in a state of denial, but you act like oil and gas are going away forever. There are tons of assets here and I see the worst case scenario being that they get bought out and the price will be substantially higher that it is right now!
"After careful consideration, management has decided to recommend to the Board of Directors that it suspend payment of LINN's distribution and LinnCo's dividend at the end of the third quarter 2015 and reserve approximately $450 million in cash from annualized distributions.
What about all the bashing you've done. Get over your high and mighty judgmental attitude. Try posting information that people can make sound decisions about instead of attacking people and cutting them down. You and others are just evil in your greed and desire to be right all the time. ON MY IGNORE LIST along with the rest of your kind. I come to this board to receive helpful information and not people full of "I told you so" after the fact. Just post reasons for believing that the stock will continue to decline and stop the personal attacks on others who have lost a lot of money. YOU FEEL GOOD about yourself doing so? Really shows what type of MENCH you are.
Too many people are acting on emotions right now and shorts are in control. I don't think many will jump in until they see the bleeding cease. A bottom needs to still be established. I think it looks like close to $4 or even in the $3 range.
Every one of your posts are just bashing and not one piece of worthy news. Probably even a paid basher that come out of the wood work for a short while with all types of scare tactics and then disappears. I realize how greedy and desperate you have to be, but sound rational posts are what I want to read. So... YOUR on my ignore list.
YEah... Bashing fool. That will not happen right away. Everyone knows that there will at least be a dead cat bounce.... Zero will only happen if it goes into BK right away. That does't look like the case.