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Stock Market & Financial Investment News

News Breaks
February 19, 2013
10:27 EDTLINELINN Energy responds to short seller allegations regarding hedging
LINN Energy (LINE) disclosed in a regulatory filing after the close Friday that the company was providing information about its hedging strategy and rationale in response to "inaccurate statements" made by "an anonymous short seller" The company's CEO, Mark Ellis, stated, “Since our IPO, hedging our oil and natural gas production has always been an important strategy for the company and our investors. Our hedge strategy has served LINN and our investors well through a variety of commodity price cycles. Hedging will continue to be an integral part of LINN’s strategy.” The company also stated that in evaluating the issue it has identified other publicly traded partnerships that purchase derivatives and "all of these companies account for derivatives the same way LINN does," adding that the company "has yet to identify any publicly traded partnerships that account for it differently." In addition to the short seller report that LINN responded to, Barron's stated in an article this weekend that the company's shares could be over-valued. In a note to investors this morning, Wells Fargo analyst Praneeth Satish said that the short-seller and Barron's reports overstate the impact of LINN's treatment of its derivative contracts on the company's financials. Satish added that the issue is not new, having been brought up previously as far back as 2010, and reiterated the firm's Outperform rating on the stock. In morning trading, LINN Energy shares fell 2.4% to $35.07.
News For LINE From The Last 14 Days
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December 17, 2014
11:54 EDTLINELINN Energy rallies sharply for a second day, levels to watch
The stock has been on an extraordinary rebound in the last two days. After hitting a lifetime low yesterday at $9.17, the stock has rallied more than 64% from that low on extremely heavy volume. With price last at $14.14, next resistance is at $15.18. Support is at $13.54.
December 16, 2014
18:19 EDTLINEOn The Fly: After Hours Movers
UP AFTER EARNINGS: Dave & Buster's (PLAY), up 7.3%... Darden Restaurants (DRI), up 1.6%. ALSO HIGHER: Auspex Pharmaceuticals (ASPX), up 66.5% after Phase 3 trial of SD-809 met primary efficacy endpoint... Cerus (CERS), up 26.6% after FDA approves Intercept Blood System... American Apparel (APP), up 8.6% after terminating Dov Charney for cause. DOWN AFTER EARNINGS: Heico (HEI), down 1%. ALSO LOWER: Cliffs Natural (CLF), down 10% after price target cut to $1 from $10 at Credit Suisse... Linn Energy (LINE), down 3% after being downgraded to Neutral from Outperform at RW Baird.
11:02 EDTLINEOptions with increasing implied volatility
Options with increasing implied volatility: UVXY LNCO CZR LINE RSX BPEP CX VIX VXX SVXY
07:23 EDTLINELINN Energy downgraded to Neutral from Outperform at RW Baird
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05:45 EDTLINEStocks with implied volatility movement; LINE ABX
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December 15, 2014
14:38 EDTLINELINN Energy volatility elevated as shares at record low
LINN Energy December call option implied volatility is at 173, January is at 118; compared to its 26-week average of 39 according to Track Data, suggesting large near term price movement.
10:36 EDTLINEOptions with increasing implied volatility
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December 12, 2014
14:06 EDTLINELINN Energy volatility elevated as shares trade near five-year low
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December 10, 2014
10:33 EDTLINEOptions with increasing implied volatility
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07:51 EDTLINELINN Energy volatility elevated as shares trade at four-year low
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