Good thursday morning and lets address the last item first...at least for now the answer is no. Now on to Linn Energy which has once again done a deal where they are pre-announcing the distribution. For this quarter we're going to $2.08...for Q1 07 we're going to 2.28 annual. So based on a yield in the low 6% range...this one should be headed now for the middle 30s by April. So all things being equal lets see if the market misses this one again...in which case shares should be bought with both hands at these prices.
It's hard to argue with this chart. If the spike of the last few days is a result of this deal and its priced in we could get a buying opportunity here. We'll see how it plays out.
Meanwhile no other news so far this morning. No upgrades or downgrades either. So we'll let the open play out and go from there.
joseph cioffi's Source Page - Associated Content
4 comments:
Check out the brain on ETP & KMP's plan to build a 1.25 bilsky pipeline from Oklahoma to Sweet Home Alabama! The holy grail for ETP was to push gas east and it should start paying off in 2009. Perrrrfect.
keep us updated on the chart analysis - plan on adding to LINE along the way with you
it will be interesting to see what happens and if LINE bumps down for an easy pick-up -- the new line coo comes with lots of street credibility -- if anything his talking to the street may put upward pressure on the stock -- i picked up some shares in mid-30's -- more upside than downside -- i may be a bit early, but i'll buy dips too
ETP continues to do all the right things..ETE should be ready to play catch up here.
As per LINE..all things being equal this one heads to mid 30s in the next few months
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