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Stock Market & Financial Investment News

News Breaks
July 3, 2013
10:53 EDTEVEP, LNCO, LRE, VNR, LINE, QRE, BBEPMLPs continue slide while SEC probes LINN merger
Shares of several master limited partnerships and related pipeline operators are continuing their slide lower after LINN Energy (LINE) and LinnCo (LNCO) disclosed yesterday that the SEC has opened an informal inquiry into the companies. WHAT'S NOTABLE: The SEC is looking into LINN Energy and LinnCo’s merger with Berry Petroluem (BRY), the companies announced yesterday, which sent shares of both names down over 15%. The sell-off continued today after R.W. Baird said in a note to investors that it is increasingly cautious on the whole sector, noting that LINN peer BreitBurn's (BBEP) failure to finance part of a recent transaction put a target on the company for short sellers. Baird added that it expects the whole MLP sector to underperform in the short run as more LINN peers are targeted by those betting the stocks will decline. OTHERS TO WATCH: Shares of LINN are down more than 8% and LinnCo shares are lower by more than 7% in late morning trade. Also lower are shares of BreitBurn, down 6.5%, and Vanguard Natural Resources (VNR), down more than 8%.
News For LINE;LNCO;BBEP;VNR;EVEP;QRE;LRE From The Last 14 Days
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November 24, 2014
10:00 EDTLREOn The Fly: Analyst Downgrade Summary
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09:35 EDTVNRVanguard Natural upgraded to Buy from Neutral at UBS (pre-open)
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07:47 EDTLRELRR Energy downgraded to Neutral from Buy at UBS
UBS downgraded LRR Energy to Neutral from Buy to reflect the real-time adjustment in valuation for upstream MLP's following the recent decline in crude prices. The firm lowered its price target on the stock to $14 from $20.
November 19, 2014
07:44 EDTLRERBC Capital to hold a conference
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November 18, 2014
16:07 EDTBBEP, QREQR Energy shareholders approve merger with BreitBurn Energy
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09:07 EDTBBEP, QREQR Energy to host special shareholder meeting
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