Replies to This Discussion

Permalink Reply by Deacon-MO Trustee on November 23, 2008 at 10:25

Linn Energy (LINE) is better than both CHK and GM. Costs 11$ pays 17% non taxable. They've allocated 100M for share buy back. Morningstar target is 40$.

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Permalink Reply by Bobi Carr ("parker") on November 20, 2008 at 8:44

At least for now. We'll see what our new congress does to capitol gains.

I don't think anyone believes that capital gains taxes will go down!

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Permalink Reply by RAY on November 20, 2008 at 9:31

pretty simple to me.

less than an acre................sell

more than an acre.............lease

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Permalink Reply by The_Baron on November 20, 2008 at 9:35

Or if your broke and need the money, or 65 years old and don't want to wait lease, then sell all or part of your royalty.

Or if you think it will take a long time to get drilled on, sell part of your minerals, they may even prescribe back.

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Permalink Reply by Two Dogs, Pirate on November 20, 2008 at 13:51

Baron, what I am dealing with is an entity that may be tax exempt to a certain extent, with more than 30 acres and a mineral reservation that will run out in about 2 years. I haven't looked at the proposed deal but I will tomorrow. This may be some BS I have no idea but I will get to the bottom in the next couple of days. To the shalers, do you think that this area will be developed within the next two year time frame?

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Permalink Reply by The_Baron on November 20, 2008 at 16:31

Maybe they will drill just to interupt prescription.

Permalink Reply by ALongview on November 20, 2008 at 10:31

I think if someone offered an amount like that above for the leased mineral acreage we have I might sell and I'm not broke or 65 years old. If you have a good amount of acreage then it is a pretty big number.

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Permalink Reply by Bobi Carr ("parker") on November 20, 2008 at 10:35

A Longview,

You can always sell a portion and keep a portion.

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Permalink Reply by The_Baron on November 20, 2008 at 10:46

Its called having your cake and eating it too.

Permalink Reply by ALongview on November 20, 2008 at 12:01

Where do you find individual investors looking to do this sort of thing? I am leary of the website companies you see as I have never heard of any of them.

Permalink Reply by The_Baron on November 20, 2008 at 13:02

don't be to afraid of the buyers on the internet, just make them send a real person to you.

Meet with their rep, shake their hand, but don't sign until an attourney looks it over. don't be afaid to call multiple firms, let them know thats what you are doing. Competetion is good for the landowner. Don't let them rush you.

By the way goshdarn, I do not buy minerals or royalty.

Permalink Reply by ALongview on November 20, 2008 at 13:04

I appreciate the info and honesty!

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