Is it possible? Does Linn Energy's chart look like we are about to emerge from a base? Stock is over 23 right now and up 55 cents! Its more fun this way.
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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2 comments:
For every LINE, there is an ETP, HEP, BWP, DPM, etc...The MLP market is broken. 8.50% yields aren't attracting buyers, distibution increases won't attract buyers, earnings seem to get ignored, PPI adjustments going up massively on July 1-nobody cares, I can go on and on...The sector sucks, the market sucks, etc...If you can wait a few years, you'll make some money, but does anyone really do that by choice?
LINE has moved from $19 to $23+ in 2-3 weeks. That is a solid move. LINE wasn't offering a 8.5% yield but a 13% yield - big difference.
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