Do you realize that's only 1/2 day consumtion in the US and a 1/3 of a day worldwide.
considering the environment they are pretty good. hedge book worth 1.9B half the market cap. 2.2B Rev. only .45 loss p/unit. forget the yahoo earning estimates they are not compatible with MLPs.
The people who called the shares are making a fortune they called them at 9.00 stock is now 13 and going to 40 in 24 months.
People are anticipating LINN will cut Capital expenditures in 2015 so they are selling the inits and buying shares instead for the regular divident which may have tax advantages in 2015. Long and strong.
It obvious once they come in at around 7:00AM price reverses to the down side. Happens every time
This trade is becoming very crowted. will not last much longer. Cheers
guess what its called. Look for opportunistic asset purchases/merges that's what Linn does it grows by acquisitions. Currently the majority of producing fields are mature with stable production targets. They are fully hedge for 2015 and 75 % for 2016. Div is safe for at least 2015 and 2016. This collapse in crude will be an opportunity for Linn Due your own research only my opinion I could be wrong going forward. Long and strong have been since 2009.