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Stock Market & Financial Investment News

News Breaks
June 1, 2013
14:54 EDTLNCO, LINE, BRYLINN Energy, LinnCo and Berry Petroleum provide update on merger
LINN Energy (LINE), LinnCo (LNCO) and Berry Petroleum (BRY) announced an update of the proposed timing of the pending merger transaction. The Registration Statement on Form S-4 remains under review by the SEC. The parties are working diligently to complete that process and anticipate filing a second amendment to the Form S-4 early next week. The parties now anticipate the shareholder and unitholder meetings to occur in Q313, with closing to follow shortly thereafter.
News For LINE;LNCO;BRY 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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