$36.22
0.55 (+1.54%)
Linn Energy, LLC (NASDAQ:LINE)
CAPS Rating:
An independent oil and gas company focused on the development and acquisition of long-lived properties in the United States.
An independent oil and gas company focused on the development and acquisition of long-lived properties in the United States.
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Recs
Natural gas master partnership has hedged its gas prices around $9 for the next 2 years.... so people think you can't lose with a 17% yield.... but watch you will lose when the hedges run out this thing will barely be profitable.
The market will start discounting that now and it'll just get worse as the years go on.
At what commodity prices do you feel they will be unprofitable? It seems like they will do some re-hedging.
Right now it has a P/E of 1 so I would say that this is already factored into the price.
This advice missed the mark. Price on 12/30/2008 - $12. Price today - $38. Paid 11 dividends totaling $7 since then.