FINALLY LINN EARNINGS OUT
MLPS FIRMED YESTERDAY
END OF QUARTER APPROACHES
MLPS FIRMED YESTERDAY
END OF QUARTER APPROACHES
Linn Energy waited until the wee hours of the morning to finally put out the press release of its earnings. Its long and confusing and frankly i'll wait for another story to break it down to the nitty gritty. We also had distribution news from Energy Transfer Equity (ETE). This morning there are no headlines so far. Crosstex LP (XTEX) is having an anal-ist meeting today and the stock has rallied in the last week into the meeting. They better have some good things to say or at least be optimistic about future distribution increases to drive the stock back to its highs.
No upgrades or downgrades so far this morning . Crude is a little lower this morning after hitting 64 dollars a barrel yesterday. I'll update this post as the morning wears on.
joseph cioffi's Source Page - Associated Content
2 comments:
LINE conference call positive. Reiterated move to $2.28 in distributions Q2, said SGA popped because of acquisitions, otherwise would have been in-line with guidance, thought SGA would continue being a little bumpy because of acquisitions. Had a few production issues now almost all worked out. Confident and presented well. My guess is we take a bit of a bite from those that don't bother listening...seems a buying opportunity on dips. Yield at $2.28 in distributions sure seems favorable right now.
thanks for the update.
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