I want to start by saying I am far from a financial adviser but if anyone is interested I may occasionally post ideas for consideration during this time of ultra low interest rates. These thoughts are simply things to bounce off your personal adviser, no more.
LNCO is the corporate arm of LINN Energy LP. Limited partnerships produce what is called a K-1 for tax reporting and it is a nightmare. LINN has brought forth a management arm that only sends a 1099 at year end so it is not complicated to report.
With it's current price per share (PPS) it yields around 7.7% paid quarterly. Linn is a strong company as you will see from the following description. Any stock can lose money so know that going in. This is simply one I like at this time. KMI is another one with promise and the same 1099 tax reporting but I like LNCO better currently.
Remember, LNCO is the right symbol. LINE will put you in the MLP category.
Good hunting.......Ken
Thanks to the steadfast commitment of our employees, LINN Energy has grown from a handful of natural gas wells in 2003 to a top-15 independent U.S. E&P company with approximately 5.1 Tcfe of proved reserves (pro forma for acquisitions announced in 2012) in producing U.S. basins as of Dec. 31, 2011.
LINN
became the first publicly traded independent oil and natural gas
limited liability company (LLC) in January 2006. Since then, the
company has consistently paid a quarterly distribution to its
unitholders and delivered its 23rd consecutive quarterly distribution
in 2011.
LINN
now has approximately 1,000 employees spread across more than two
dozen locations in the United States. Headquartered in Houston,
Texas, the company’s core focus areas are the Mid-Continent,
Permian Basin, Hugoton Basin, Rockies, Michigan and California.
Here
is a link to their website for more info.
