BBEP and LINE

[dan_s]

I got a bunch of e-mails from members surprised that LINE and BBEP moved higher on big volume today after slashing their dividends. BBEP is up in after-hours trading.

I have no idea what they will do tomorrow, but my take is that the market wanted details from these guys and they got it. Both gave detailed guidance and both have a very high percentage of their production for 2015 and 2016 hedged at good prices. As I posted earlier, I am a bit more concerned with BBEP since they indicated a potential issue with their credit line in April. LINE has plenty of liquidity and is well positioned to take advantage of a "Buyers Market" for more acquisitions.