If this thing holds we hit the botton if it drops 8% again I'm buying more will need to sell some other holding but this is a generational opt down here. IMO
Back in 2010 oil was also in the low 80's and Nat gas sub 3. Line price was in the midd 30's and smaller co. IMO it's a generational buy on LINE and other energy producers that also got hit in the last two weeks.
Well I did all the buying I could in LINE on this waterfall. Now I collect the div for awhile until the big guns decide its time to run the price up. LINE is a solid co.
I been buying every time this drops 8% scaling down. Pickup some today. I hurts but this co is solid
85% of production is Nat Gas with proven/stable fields with hedge at 5.00. this alone its enough for me to average down on this sell off. I'll will sell you some at the 35 level some time in the spring of 2015 I'm sure you will be buying then. In the mean time I'll collect the safe monthly div.
Oil always drops in the fall/winter months. Nat gas rises during this period. Also, lets reduce middle eastern oil imports and support our local supply. I'm a buyer on these dips here,.
Go ahead short Line if you are so convinced this co is going bankrupt. Me personally been adding on these dips.
Agree they took advantage of the weakness in the sector to flush the stops at the 27/28 level. I did some buying down there to re-invest the div.