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Stock Market & Financial Investment News

News Breaks
June 14, 2013
16:10 EDTLINE, LNCO, BRYLINN, LinnCo shares pressured by LinnCo tax speculation, says Wells Fargo
Wells Fargo believes the weakness in LINN Energy (LINE) and LinnCo (LNCO) can be attributed to speculation that LinnCo could realize a large tax liability in 2016, though the firm does not think that speculation is accurate. Wells attributes the widened spread between LINN and LinnCo shares to increased short interest in LINN, which is easier to short. Wells Fargo maintains Outperform ratings on both LINN and LinnCo and thinks the closing of the Berry Petroleum (BRY) merger in Q3 will be a catalyst for shares of both.
News For LINE;LNCO;BRY From The Last 14 Days
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August 19, 2014
07:18 EDTLINEEnerCom to hold a conference
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August 7, 2014
06:52 EDTLINELINN Energy raises FY14 production to 1,217-1,268 MMcfe/d
The company's previous FY14 production was 1,075-1,135 MMcfe/d; The company expects to fully cover its distribution and generate excess of net cash provided by operating activities after distributions to unitholders and discretionary adjustments of approximately $63 million for the third quarter 2014 and $103 million for the full-year 2014.
06:52 EDTLINELINN Energy sees Q3 production to average 1,210-1,260 MMcfe/d
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06:52 EDTLINELINN Energy reports Q2 average daily production up 2.4% to 1,131 MMcfe/d
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06:52 EDTLINELINN Energy reports Q2 EPS (64c), may not be comparable consensus 42c
Reports Q2 revenue, consensus $954.79M; Q2 EPS of (64c) includes reduction of put option premium value over time, of approximately $393 million, or $1.20 per unit.

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