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Stock Market & Financial Investment News

News Breaks
June 14, 2013
16:10 EDTLINE, BRY, LNCOLINN, 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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November 7, 2014
07:54 EDTLINELINN Energy outlook still positive, says RBC Capital
After LINN reported Q3 results that RBC Capital views as solid but the company said it expects to have a shortfall of cash in Q4, RBC Capital says the guidance was "slightly disappointing," and cut its price target on the name to $32 from $38, However, the firm is upbeat about the company's proforma asset footprint and keeps an Outperform rating on the shares.

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