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re: Linn Energy Question
Posted on 5/2/16 at 10:05 am to Strannix
Posted on 5/2/16 at 10:05 am to Strannix
quote:
I'm asking the best routes to short it, did anyone read the OP? Is the coming chapter 11 built into the current price? Will it go to zero?
If you want to gamble you would be better off going to the casino than playing Linn because gambling is essentially what you are doing buying in with a company that is 100% headed to restructuring.
Posted on 5/2/16 at 10:12 am to TigerDog83
they are 100% filing chapter 11
Posted on 5/2/16 at 11:09 am to Strannix
I think you should go for it strannix!
Posted on 5/16/16 at 7:42 am to cwill
Actually BHP seems to me as having the best, longest lasting haynesville wells.
Posted on 5/16/16 at 11:33 am to Me4Heisman
Sandridge bit the dust too, as expected
Posted on 5/16/16 at 5:57 pm to castorinho
And Breitburn...buy MLPs at your own risk....or any energy co if you think you can call the oil cycle (aka the grave yard of forecasters).
Posted on 5/16/16 at 6:02 pm to Me4Heisman
quote:
to me as having the best, longest lasting haynesville wells.
I don't know anything about those wells, but just because they're "longest lasting" doesn't mean they're economic. I'd bet they're highest cost there too. The company is poorly run according to all of my sources. They've had significant layoffs since the downturn.
This post was edited on 5/16/16 at 7:32 pm
Posted on 5/16/16 at 7:20 pm to cwill
BHP has some shitty wells too, and they don't have a clue what they're doing.
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