February 11, 2007 09:21 am
Get into the REAL thing and operate SAFELY like Government and Private pension fund do ...
Linn Energy LLC LINE
If you read this presentation you'll see that this outfit operates sort of like a Canroy. http://library.corporate-ir.net/library/17/179/179523/items/223953/Linn_Energy_Investor_Meetings_January_2007_FINAL.pdf They buy "mature" producing properties and operate them. They pay out most of the CF to the shareholders. The LLC corporate structure is similar to a MLP but there's no General Partner. See page 20. It pays over 6% and management seems to know what they're doing.
I'm considering buying some so any comments, positive or negative, will be welcome.