Are you a paid SA shill?
I've tried to register with SA several times over the course of years and it never 'takes'. It seems to me they have a real problem, maybe too busy sucking cookies or it performs other data draining shenanigans. Shenanigans, look it up, not good.
Has no one mentioned the recent LNCO/LINE parity? It seems LINE went down to parity with LNCO instead of LNCO going up to parity with LINE. Or are my eyes fooling me?
I invest in other energy stocks and read all reports from them. LNCO/LINE has one of the more difficult to decipher reports. First, they report in gas units, not oil units. I understand they WERE gas heavy and bought Berry to weight more toward oil, but come on, make it easier to read and compare reports. The 6:1 conversion does not help as there are many moving parts to the comparison. Look: If it isn't easier to understand, there will be fewer investors interested in buying.
The announcement of a $195,000,000 capital spending reduction for 2015 pretty much covers the 2015 dividend, so it appears ERF wants to hold the divi steady IMHO.
Warmer weather when colder weather was expected. Before long we'll expect warmer weather then get socked with colder weather just to mess with our investments.
I think they 'sell the hedges' whenever they sell an equivalent amount of oil in the market. It is a constant process. The stock pps drops in a low oil price environment as investors think new hedges will be priced too low. I see no reason to 'lock-in' low priced new hedges down here so maybe management will not buy hedges down here.
And rude too, "take advice from from your betters" LOL too funny
Oh too bad, I have Ms. Cat on ignore. I miss out reading all the stupid posts so cannot be part of the class action suit.
I agree up to the "Putin is a madman just like..." After I heard about him stealing a Superbowl ring it dawned on me he's a thief plain and simple. He's in life for himself first, then his mother Russia, meaning the old boundaries and 'glory days'.
Russia helping Iran go nuclear, against Saudi wishes, earned them the wrath of globalists who have put in motion a financial war against Russia. Saudi will wait for Russia to back away from Iran then Saudi will announce a "new OPEC" agreement.
LINN has closed the previously announced sale of its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest, Ltd. and FourPoint Energy, LLC at a contract price of $1.95 billion
Prior to November 6 LNCO traded an average 1,000,000 shares a day. In the 27 days since then it has traded 66,000,000 extra shares above the 'normal' 27,000,000 shares. Today's 9,600,000 shares sets a capitulation record. All but real long term holders have bailed. Does anyone left hold shares on margin?
The closing deals will be announced, the distribution will be announced, nothing left but long term prospects on massive holdings that will (someday) be worth 4 times today's beat down valuation.