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Post by Herceg on Dec 15, 2014 10:21:05 GMT -5
11-12 area would take this back roughly 7-8 years.................I cannot see it going lower from there..............might be a good entry for the LT......... JMO and BOL.......... I was wrong on this............no position yet, but never imagined that it would make it this low...............could be a very nice long position if one has a LT time frame........... JMO and BOL.................
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Post by clinton on Dec 15, 2014 19:06:44 GMT -5
HOUSTON, Dec. 15, 2014 (GLOBE NEWSWIRE) -- LINN Energy, LLC (LINE) ("LINN" or the "Company") and LinnCo, LLC (LNCO) ("LinnCo") announced today that LINN has closed the previously announced sale of its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest, Ltd. and FourPoint Energy, LLC at a contract price of $1.95 billion (the "Granite Wash sale"), subject to pre- and post-closing purchase price adjustments.
In addition, on November 14, 2014, LINN closed the previously announced sale of its Wolfberry positions in Ector and Midland counties in the Permian Basin to Fleur de Lis Energy, LLC at a contract price of $350 million (the "Permian Basin sale"), subject to pre- and post-closing purchase price adjustments. These sales are expected to be tax efficient upon successful completion of a reverse 1031 like-kind exchange.
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Post by clinton on Dec 17, 2014 10:13:24 GMT -5
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Post by novie08 on Dec 17, 2014 11:12:42 GMT -5
This was downgraded by T/R yesterday, just prior to the squeeze...now +13.25%...we don't have a single soul here who can figure out how to track T/R downgrades? Also downgraded SGY yesterday which is now +11%!!!
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Post by clinton on Jan 4, 2015 16:25:03 GMT -5
could be a bottom.
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Post by clinton on Jan 30, 2015 16:33:48 GMT -5
got to hurt:
Linn Energy CFO sells nearly half his stake in margin call Linn Energy (LINE +1.1%) is rising down the stretch along with other oil companies in reaction to a late-day surge in crude oil prices, but it may be worth noting that CFO Kolja Rockov this week reportedly sold nearly half of his LINE stake in a margin call.Rockov had pledged LINE units as collateral for a loan, and was forced to sell 230.9K of them for an average of $9.46, or almost $2.2M; LINE has fallen ~72% in the past year.
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Post by novie08 on Feb 3, 2015 10:07:19 GMT -5
WOW! T/R downgraded LNCO yesterday to Negative and it is +9% after being up over 10%.
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