I think we will see a $2-3 pop for a few days leading up to the merger announcement. I think there will be a selloff after and another smaller pop if and when a dividend increase is announced. I'm anticipating a dividend increase to approx.$3.05, which was there original plan.
I believe he had a 29-32 buy on Linn. And you are right, all he does is go with the flow. No forward looking inflow at all.
One thing not brought up is the dividend increase. Bry shareholders get $.08Q vs Lnco at .24M and maybe more after the deals closes. That should influence someone!
Dividend is now monthly. Was $.2416 per month, beginning in Nov. will be $.2566 which equates to $3.08 per year. I would assume this all depends on the SEC verdict and the Merger completion.