Linn Energy Does It Again....energy Complex Up This Morning....is There A Top In Sight?

Good thursday morning and lets address the last item first...at least for now the answer is no. Now on to Linn Energy which has once again done a deal where they are pre-announcing the distribution. For this quarter we're going to $2.08...for Q1 07 we're going to 2.28 annual. So based on a yield in the low 6% range...this one should be headed now for the middle 30s by April. So all things being equal lets see if the market misses this one again...in which case shares should be bought with both hands at these prices.



It's hard to argue with this chart. If the spike of the last few days is a result of this deal and its priced in we could get a buying opportunity here. We'll see how it plays out.

Meanwhile no other news so far this morning. No upgrades or downgrades either. So we'll let the open play out and go from there

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