This is why Linn Energy ($LINE) is a holding for some of our clients at Penn Financial Group:
The company announces a 5% distribution increase to $2.90/unit, still
maintaining a coverage ratio of 1.14X (1.15 a year ago). Natural gas
production is 100% hedged through 2017. Average realized price for
hedged natural gas in Q1 of $6.33/Mcf vs. $3.16 for unhedged.
The company is hedged through 2017!!!! Even with nat gas low, the company is locked in at higher prices. One reason the stock is hitting a multi-month high today!!
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
No comments:
Post a Comment