Linsanity
LNC DOES not PARTICIPATE in the rise in OIL prices as the production is HEDGED at $89 PB.
LNC fortunes are linked to an increase in production NOT so much as an increase in price of OIL.
The company has been positioning to unlock value for years.
The question is why tip hundreds of millions into American oil when at the time LNC had a suite of Coal and UCG assets that were in need of development funds?
shorters providing opportunity?, page-5
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