a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
Tuesday, May 13, 2008
Raaymond James upgrades Linn Energy to outperform from market perform. The boys at ray jimmies usually make good calls in the past.
RJ is a little late to the party. I don't know if that is typical for them or not. If they usually are this conservative, it's probably a good sign that they finally recognized the value in LINN.
They should have considered an upgrade last month when LINE presented at a couple of analyst conferences. The second presentation was just after the XTO Appalachian asset sale was annouonced. Virtually everything that came out in the earnings was predictable at that time. I just think RJ is conservative. That's why I think they are late.
RJ is a little late to the party. I don't know if that is typical for them or not. If they usually are this conservative, it's probably a good sign that they finally recognized the value in LINN.
ReplyDeletehow are they late to the party. The upgrade here at 22 is better than if they had done it at 35.
ReplyDeleteThey should have considered an upgrade last month when LINE presented at a couple of analyst conferences. The second presentation was just after the XTO Appalachian asset sale was annouonced. Virtually everything that came out in the earnings was predictable at that time. I just think RJ is conservative. That's why I think they are late.
ReplyDelete