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Stock Market & Financial Investment News

News Breaks
July 2, 2013
09:18 EDTLNCO, LINE, BRYBerry Petroleum volatility low into SEC inquiry of LINN Energy and LinnCo
Berry Petroleum (BRY) overall option implied volatility of 33 is below its 26-week average of 44 according to Track Data, suggesting decreasing price movement prior to news the SEC has commenced a non-public inquiry into LINN Energy and LinnCo (LNCO) on the acquisition of Berry for 1.25 common shares for each common share.
News For BRY;LINE;LNCO From The Last 14 Days
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August 31, 2015
18:36 EDTLINE, LNCOLINN Energy closes sale of remaining Permian Basin Wolfcamp acreage
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August 24, 2015
19:19 EDTLINE, LNCOLINN Energy, LinnCo appoint David Rottino CFO
LINN Energy (LINE) and LinnCo (LNCO) announced that David Rottino has been appointed as executive VP and CFO of both LINN and LinnCo, effective immediately. Rottino joined the company in June 2008 as senior VP and Chief Accounting Officer and has served as executive VP, Business Development and Chief Accounting Officer since January 2014. Kolja Rockov, executive VP and CFO, will be leaving the company to pursue other opportunities. This mutually agreed departure is not related to any disagreement with the company's policies or practices.
August 20, 2015
05:36 EDTLINE, LNCOLegacy Reserves downgraded to Neutral from Buy at UBS
UBS downgraded Legacy Reserve (LGCY) to Neutral after after stress testing upstream MLPs to reflect scenarios in which oil remains depressed and recovery is limited. The firm expects MLPs that are better capitalized, well hedged and less levered to crude oil to outperform. It lowered its price target for shares to $5.50 from $14. UBS coupled the downgrade with an upgrade of Mid-Con Energy (MCEP) to Buy. Other Buy-rated upstream MLPs at the firm are Vanguard Natural (VNR), Memorial Production (MEMP) and Eagle Rock Energy (EROC). Sell-rated names are LINN Energy (LINE) and LinnCo (LNCO).

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