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.
As usual the attorneys are tweaking the paperwork.
No one can say anything until the ink dries.
So please, everyone, enjoy life over the weekend.
I'll be on my boat burning up some hydrocarbons for fun.
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 ; ^ )
More than the Mother of Short squeezes. Up +70% and after hours up more. Now we're calculating the worth of all the potential drilling sites with a JV. Wow what fun. Imagine when they hit big on a well. Wheeeeee
MHR and its Eureka Pipeline system is in a great, hot area. Here's just one reason: Shell wants to build a plastics plant in Beaver County, Pennsylvania (nearby). If Shell goes through with it the gas MHR produces will be in big demand.
"Shell is evaluating the possibility of building a petrochemical complex that would include an ethane cracker with an approximate annual average capacity of 1.5 million metric tons of ethylene, three polyethylene units with a combined annual production of approximately 1.6 million metric tons, and facilities for power and steam generation, storage, logistics, cooling water and water treatment, emergency flare and offices. For commercial reasons, we do not share capital investment information. Shell looked at various factors to select the preferred site in Beaver County, Pennsylvania, including good access to liquids-rich (Marcellus and Utica) gas resources; water, road and rail transportation infrastructure; power grids; economics; and sufficient land to accommodate the facility while providing a buffer from our neighbors."
The big money looks into the future for real growth.
~28,000 gross productive wells, not including ~2,640 royalty interest wells. Drilling a well today costs way over a million $. Sellers are not doing any math except for looking at debt service and expecting a lower price of oil/ng. If the stock price was zero then the market thinks each well is only worth $357,142? - for wells that cost 3 to 10 times that to drill? This panic is irrational.
PWE's dividend cut to practically nothing has NOT helped its share price. Plot PGH next to PWE time chart and you'll see, no help. PGH holding up better. PGH has catalyst for future, PWE not so much.
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.