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Started By
Message
LINE/LNCO - Anyone with an opinion?
Posted on 1/9/15 at 1:08 pm
Posted on 1/9/15 at 1:08 pm
These guys are wel hedged, but the worry is about what they will look like if oil stays low, from my understanding. Assuming I believe that oil will rebound, why should I not own this stock?
ETA: I know this seemingly goes against all of my yield pig soap box speeches. The difference is that Im interested based on valuation, not solely because of yield.
Also, please move to the money talk.
ETA: I know this seemingly goes against all of my yield pig soap box speeches. The difference is that Im interested based on valuation, not solely because of yield.
Also, please move to the money talk.
This post was edited on 1/9/15 at 1:28 pm
7
Posted on 1/9/15 at 1:08 pm to TheHiddenFlask
Tree fiddy
Posted on 1/9/15 at 1:19 pm to TheHiddenFlask
quote:
Assuming I believe that oil will rebound, why should I not own this stock?
With this statement, why should you not own any oil stock?
BTW, you still holding EXXI? Opinions on it? Sorry to hijack.
Posted on 1/9/15 at 1:29 pm to OnTheBrink
I meant reasons specific to this company.
Yes I am still holding EXXI, unfortunately. I'll DCA down once oil finds a bottom. I'm only ~65% down.
Yes I am still holding EXXI, unfortunately. I'll DCA down once oil finds a bottom. I'm only ~65% down.
Posted on 1/9/15 at 1:32 pm to TheHiddenFlask
quote:
I meant reasons specific to this company.
Yeah, cant answer that just making a general statement.
quote:
I'm only ~65% down.
Right there with you my friend.
Found any good short squeezes lately?
Posted on 1/9/15 at 1:33 pm to TheHiddenFlask
How beat down is their valuation relative to their more traditional c-corp peers? I think if LINE gets beat down enough they'd get bought out or merge with LNCO.
Posted on 1/9/15 at 1:45 pm to sneakytiger
quote:
How beat down is their valuation relative to their more traditional c-corp peers? I think if LINE gets beat down enough they'd get bought out or merge with LNCO.
Why would they merge? they are the same company, LNCO is just an investor friendly share class that issues 1099s instead of K-1 whch LINE issues.
Posted on 1/9/15 at 1:56 pm to whodatigahbait
Yes, LNCO is just a holding company that owns shares of LINE, so that you can own the company in a tax advantages account.
Posted on 1/9/15 at 2:14 pm to whodatigahbait
I see, I thought LNCO was the GP with IDRs. Still, if the market unfairly punishes LINN on yield based valuation, wouldn't there be pressure to convert to a traditional c-corp? That's why I asked my first question.
This post was edited on 1/9/15 at 2:22 pm
Posted on 1/9/15 at 2:30 pm to sneakytiger
I'm not sure I'm following you. Why would converting to a c corp help? They wouldn't increase their dividends any. Also, I'm not an expert on MLPs, but I thought the only covenant was minimum distributions, not max.
Posted on 1/12/15 at 11:30 am to TheHiddenFlask
It's my understanding that MLP's are great for growing, stable cash flowing enterprises, which E&P companies certainly don't fit the mold for on the immediate horizon. I know LINN isn't an MLP, but it is modeled like one just without a GP or IDR's.
Posted on 1/12/15 at 12:47 pm to TheHiddenFlask
yeah, I wouldn't own them right now.. but that the pot calling the kettle black, because I own them unfortunately.
Posted on 5/19/15 at 8:54 am to TheHiddenFlask
Secondary offering pushing this down big today. Anyone buying?
Posted on 6/26/15 at 9:22 am to TheHiddenFlask
Flask, you still looking at Linn?
Posted on 6/26/15 at 10:31 pm to sneakytiger
It's a pure bet on oil now. I think it's one of the better bets.
Posted on 6/27/15 at 7:15 am to TheHiddenFlask
I see no issue with a short term oil play here. However, if the USD breaks out to new highs Id be hunting the exit. I dont see oil reaching 100+ in a USD bull market.
Posted on 6/28/15 at 8:25 am to TheHiddenFlask
quote:
It's a pure bet on oil now. I think it's one of the better bets.
You do realize that they are close to ~60% nat gas? Not really the best way to play a rally in oil considering their reserve base.
Posted on 6/28/15 at 4:43 pm to whodatigahbait
I said oil meaning energy in general. That was wrong of me.
Posted on 6/29/15 at 10:00 am to TheHiddenFlask
I followed this one for a while about a year ago. I liked the real estate they have in Texas. It was trading around $29 then.
What makes this one attractive now? A name I've bought (and sold, but I'm currently holding) is CPE. It has some of the same prime real estate, its not an MLP, and is undervalued IMO. Its out of Natchez, MS.
What makes this one attractive now? A name I've bought (and sold, but I'm currently holding) is CPE. It has some of the same prime real estate, its not an MLP, and is undervalued IMO. Its out of Natchez, MS.
Posted on 7/8/15 at 11:29 am to Jp1LSU
These JV arrangements they've finalized with GSO and Quantum are complicated, but appear to position LINN very well for the long-term.
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