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Potiential Buy $LINE

Posted on 10/2/14 at 10:58 am
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12576 posts
Posted on 10/2/14 at 10:58 am
9.5% dividend 2 weeks away... taking a bath today along with the rest of the energy sector. Keep an eye on this one.. Ex-div 10/13, div 10/17
This post was edited on 10/2/14 at 10:59 am
Posted by kennypowers816
New Orleans
Member since Jan 2010
2446 posts
Posted on 10/2/14 at 11:02 am to
Isn't it a monthly dividend?

Your post is a little misleading (likely unintentionally). You're not getting 9.5% in 2 weeks. You're getting ~.8%.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12576 posts
Posted on 10/2/14 at 11:47 am to
That is correct. I am sorry. 9.5% annualized
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 10/2/14 at 1:26 pm to
Yes, monthly with a $0.2416 dividend.

I own some LNCO which just owns LINE shares. I have it set up as a drip and it buys new shares every month which is nice.
Posted by sneakytiger
Member since Oct 2007
2472 posts
Posted on 10/2/14 at 1:44 pm to
LINN scares me... it lives and dies on fresh capital to fund growth and maintain its yield.
Posted by kennypowers816
New Orleans
Member since Jan 2010
2446 posts
Posted on 10/2/14 at 1:54 pm to
quote:

LINN scares me... it lives and dies on fresh capital to fund growth and maintain its yield.


I agree. I made a play on it a year or so ago when they had an accounting scare and the price dropped significantly. I didn't particularly care for the roller-coaster that it presented.

Honestly, I'd stay away unless I was really in the market for an MLP and the tax benefits provided therein.
Posted by sneakytiger
Member since Oct 2007
2472 posts
Posted on 10/2/14 at 2:01 pm to
I'll add that if you're in the market for an MLP, any MLP, I'd look at something more traditional, like EPD, CQP, PAA, i.e. infrastructure, not E&P.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12576 posts
Posted on 10/2/14 at 2:42 pm to
NMM is also a good one.
Posted by kennypowers816
New Orleans
Member since Jan 2010
2446 posts
Posted on 10/3/14 at 10:10 am to
quote:

i.e. infrastructure, not E&P.


Agreed
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