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July 3, 2013
10:53 EDTLRE, VNR, LINE, QRE, BBEP, EVEP, LNCOMLPs 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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April 17, 2014
12:34 EDTLRELRR Energy raises quarterly cash distribution to 49.25c per unit
LRR Energy announced that the Board of Directors of its general partner declared an increased cash distribution for the first quarter of 49.25c per outstanding unit, or $1.97 on an annualized basis. The distribution will be paid on May 15 to all unitholders of record as of the close of business on April 30. The declaration represents the seventh consecutive increase to LRR Energy’s quarterly distribution.
April 11, 2014
12:42 EDTLNCOOn The Fly: Analyst Upgrade Summary
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06:31 EDTLNCOLinnCo upgraded to Buy from Neutral at UBS
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April 7, 2014
07:43 EDTLINEIndependent Petroleum Association of America to hold a conference
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