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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (18819)	2/20/2014 10:27:28 PM
From: LTBH	Respond to of 34328

I had held LINE for quite awhile and finally sold awhile back ... my personal feelings are that management's only interest is in growing LINE bigger while ignoring growing it better. They have a knack for buying out of favor properties (ie NG when NG is hitting the floor) which might be OK IF getting bargain basement prices on great prospects ... unfortunately they prefer and have, IMO, paid a premium on numerous acquisitions. The recent BRY acquisition is just another example of poor negotiation and overpaying. I currently own ONLY as a mid term trade, buying LINE in the 25s last year then swapping to LINCO when the discount went to better than a buck. I will dispose of half the position at $35 for a $10 net plus distributions and the other half in the 38-40 range for 13-15 net. As it is, I had hoped to have hit 35s by now ... believe folks are nervous that the promised increase "the first quarter after closing" will not materialize. Historically, this has been another major LINE issue, they will promise in CCs but fail when its time to deliver .... they have gone from July 2007 at .57 to .63 in May 2008 and .66 November 2010. If not the worst, then one of the worst E&P MLPs for distribution growth. FWIW, aside from my special situation trade, I would not recommend LINE/LINCO as a holding. Luck LTBH