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Re: LINE/BRY merger
Posted: Thu Nov 14, 2013 7:23 pm
by dan_s
Great news. I have LINE in one of our IRA accounts.
I think LINE will move up to mid-$30s when this deal closes. My Fair Value Estimate is $40/unit.
Re: LINE/BRY merger
Posted: Wed Nov 20, 2013 4:58 am
by Laurin_DE
Dan,
is Linn's dividend sustainable (i.e. "safe") ?
cheers - Laurin
Re: LINE/BRY merger
Posted: Wed Nov 20, 2013 10:15 am
by dan_s
Yes. Take a look at my forecast model for LINE, which can be found under the MLP Tab. See row 48.
Note that over 98% of forecast oil production for 2014 is hedged at over $90/bbl. Natural gas for 2014 is hedged at $5.14/mcf.