Is making money with oil at these artificial low prices . LINE the company is weathering the storm very well. They have great dirt as they say in the industry.... and thats worth money that they dont need to tap yet but could.
BS statement. The decision by management is purely based on unit price collapse and to use these funds to buy debt at a discount. LENDERS DONT DECLARE BANKRUPCY. The bonds in question are not due untill 2019 at the earliest. They generated excess cash the board will decide if they eliminate the divident begining in October. The market sentiment and low oil prices is what killed the unit price not the actual fundamentals of this co.
Prices go to extremes is the nature of the beast. A snap back ripp your face off countertrend move in the energy sector is due and line fits the profile for a move to 9-10 bucks. Watching oil.
Really !!!! Unit holders got killed from 40 to 4 and you are happy well give me some of what you are inhalling because I lost 60% of my money and are mad as hell at this lying management. Their next step is to go private for a few dollars a unit and we get cleaned out.
Sure nice but they distroyed us the unit holders soon they will go private for a few dollars and unit holders loose 60+++%
its an mlp they distribute the cash to shareholders
Hunker down boys/girls and average down if you can then collect your div. Line will be fine. Dont hedge at these levels its a suckers bet down here. Personaly I sold my puts and picked up some units today. This down trend is sector wide not LINE specific. Seen this movie many times before...