This company has been a crazy ride. Regardless of what corporate wrangling has been going on, I just cannot see where the value is for anything they have. Nothing is making money and they are just spending it. Even this latest CR or restructure cannot make oil worth $50-100 a barrel or any other assets worth a fraction of what they were bought for.
Dan you are correct on watch and wait, my take on it and not ramping either way is dead cat bounce.
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held
