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Stock Market & Financial Investment News

News Breaks
January 24, 2013
16:40 EDTLINELinnCo reduces cash dividend to 71c per share from 72.5c per share
LinnCo announced its second quarterly cash dividend of 71c per common share, which reflects a reduction for taxes of 15c per common share from the LINN Energy distribution of 72.5c per unit. The cash dividend will be payable on February 15, to shareholders of record at the close of business February 7.
News For LINE From The Last 14 Days
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March 30, 2015
05:53 EDTLINELINN Energy downgraded to Sell from Neutral at UBS
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05:52 EDTLINELinnCo downgraded to Sell from Neutral at UBS
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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 24, 2015
06:49 EDTLINELINN 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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