THE BOTTOM LINE ON LINN (LINE) PLUS WACHOVIA UPS COPANO
We will get an answer shortly as to what Linn Energy's earnings mean when the market opens. Friday's earnings have brought on lots of discussion, ideas, and even some name calling as apparently i'm a simpleton. (And btw its WX-man...i am not a wax man! WX is short for weather). Well its only 100 shares but someone bought it 66 cents above Friday's close. Conference call for Linn is scheduled for 9am. Can't live blog it but if someone out there hears it and wants to post details and highlights of it please do by all means in the comments section.
Wachovia says its upgrading Copano (CPNO) to outperform from market perform which in this market may mean that it will be down less than everything else. Still and upgrade is an upgrade. Nothing else on the list this morning and no corporate headlines.
Crude is down 1.40 this morning on hints that supply may be coming from those saints known as OPEC. 10 year is sitting at 4.25. Stock futures are flat to a few ticks higher. So standby for the Linn verdict. By the way i did some rare sunday posts so you may want to scroll down.
joseph cioffi's Source Page - Associated Content
1 comment:
Not sure what to make from the LINE call. It seems like there's lots of blind spots in reaching the DCF/distribution targets put forward. It's difficult to get a feel for the organic performance with so much acquisition accounting to work through. Personally I need to see a few Q's of demonstrated ROI from all the acquired assets to get my arms around the company's prospects.
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