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Stock Market & Financial Investment News

News Breaks
June 14, 2013
16:10 EDTLNCO, LINE, 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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March 26, 2015
10:30 EDTLINEOptions with decreasing implied volatility
Options with decreasing implied volatility: ASPS WLL WBAI CTRP FIVE LINE DRC RHT LULU APOL
March 25, 2015
10:36 EDTLNCOOptions with decreasing implied volatility
Options with decreasing implied volatility: FOLD WLL WBAI ASPS GES PSEC CTRP LNCO VRTX ARP
March 24, 2015
10:17 EDTLNCOOptions with decreasing implied volatility
Options with decreasing implied volatility: FOLD NKTR GES VHC CTRP WSM WLL LNCO NLY ORCL
06:49 EDTLINE, LNCOLINN Energy signs $1B letter of intent with Quantum Energy Partners
LINN Energy (LINE) and LinnCo (LNCO) announced that LINN has signed a non-binding letter of intent with private capital investor Quantum Energy Partners to fund selected future oil and natural gas acquisitions and development on those acquired assets. Subject to final documentation, Quantum has agreed to initially commit up to $1B of equity capital to fund acquisitions and development of oil and natural gas assets. LINN will have the ability to participate in all acquisition opportunities with a direct working interest ranging from 15% to 50%. AcqCo assets will be managed by LINN in exchange for a reimbursement of general and administrative expenses. Additionally, after certain investor return hurdles are met, LINN will have the ability to earn a promoted interest in AcqCo. Upon the sale of any assets within AcqCo, LINN will be given right of first offer to acquire those assets.

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