Is Linn Energy, LLC (LINE) dividend of almost 20% safe?
Answers
2222 points
readytoretire answered one year ago …
Don't think so. They are in the natural gas and unless we have a very cold winter, the rates aren't going up anytime soon. And they have a fair amount of debt.
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102 points
Centered answered 6 months ago …
As soon as Obama gets on the right side of gas, and as production levels drop gas will go up. Middle East and other nuk testing will drive oil and gas up. Gas fuling stations may start to be build for NC cars and trucks. There are more upside reasons for gas to go up in value than down side.
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JSIMMER answered 3 months ago …
They have hedged there oil and gas very effectively over the past year. Their hedges will be intact until 2011 as per the CEO interview on CNBC. The CEO also stated that the company is well positioned going forward. Not only have they continued to pay out the dividend they have also went out and purchased more nat gas assets. Great company. In fact I purchase shares last week.
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