It’s often said that the definition of insanity is doing the same thing over and over and expecting a different result. Very, very, very often said. The old saw, which has been most commonly attributed to Albert Einstein (he may not have said it, it’s not actually attributed anywhere), comes up repeatedly in journalism. It’s most commonly used to describe political news. Journalists for publications ought to heed their own adage. No matter how many times, over and over, the same aphorism crops up, it’s not going to suddenly become perceptive.
One would think having the option to ship by rail or pipe could get better rates.
We all agree, that's why we're scarfing them up, but it is a thin market for the C's & D's have to watch the bid & ask carefully. Place limit orders only.
You wrote on May 26th:
So reserves are about 1000 MM$
Pipeline share is about 470 MM$
undeveloped acreage based on sale today 1600 MM$
means shares are worth $6.7/share
So if they get 650 MM$ for pipeline does that raise your estimate to $8.00/share ??
"Magnum Hunter has now determined to pursue the sale by the Company of 100% of its current equity ownership interest in Eureka Hunter Holdings. The Company currently owns approximately 45.53% of the equity in Eureka Hunter Holdings. Based upon current market conditions, the Company believes that a sale of all of its equity ownership interest in Eureka Hunter Holdings could generate up to approximately $600 to $700 million in gross cash proceeds to Magnum Hunter. This potential transaction would allow Magnum Hunter to restructure its balance sheet and dramatically improve its current liquidity position."
Maybe consider the value at $600 million as we've seen deals complete at the lower end of estimates.
Must be holder of record June 15th for all, and all are paid on June 30th.
No problems, no conflict.
Go to company press release for the full text.
Wow, the 'Mother of all Short Covering' in action during the last 30 minutes. Buy at the market, millions of shares. Makes for a good weekend ; ^ )
LNCO divi is qualified, no tax form bother, good for tax deferred retirement accounts. Meanwhile,
if investors could look years ahead they'd find LINE/LNCO has over 29 Billion worth of proved resources and only 10.4 Billion debt. Last q alone it showed $747,631,000 depreciation, depletion, amortization, and impairment (old investment cash costs). This thing flows new cash like crazy. When hydrocarbons get in demand again pps value will hit new highs and buyers will line up to pay a premium for our shares.
Now LNCO is trading above LINE. It was bound to happen. Maybe this time they'll track closer for longer, as they should IMO. BTW- I own LNCO in my IRA, and LINE in my regular account. By this time next year they'll be back in the 20's.
Yeah, now yielding over 13%
This is so crazy I got out.
Not staying for the next divi cut.
The proposed spin-off is based on funny numbers that may not really return.
I know a lot of unhappy shareholders, ex-shareholders.
If you don't margin stocks then convert your account to 'cash' and the broker cannot legally loan out your shares to short.