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Re: biomanbaba post# 101

Wednesday, 08/10/2011 5:49:24 PM

Wednesday, August 10, 2011 5:49:24 PM

Post# of 1499
Speaking of dividends, LINE looks pretty good.



Linn Energy LLC (LINE): An independent oil and gas company, Linn Energy operates across the United States. At the end of 2010, it had reserves of 2.6 billion cubic feet of oil and gas, and over 7,000 oil-producing wells. Its current dividend is $2.76, a yield of 8%. This dividend was paid out of cash as its earnings were hit by capital expenditure on development programs. With earnings per share expected to rise from last year’s -$2.84 to $2.02 this year and then $2.42 the year after, dividend cover will return quickly. After a year of non-dividend payment, it returned to pay dividends in 2010 and has declared its intention to continue doing so. Currently trading at $35.58, the share price is in the middle of its 52-week range of $27.21-41.13.


This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.