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News Breaks
February 27, 2014
07:16 EDTLINELINN Energy reports Q4 EPS with non-cash impairment charges ($3.15)
Reports increased average daily production 11% to 889 MMcfe/d for Q4. The company expects production for Q1 to average between 1,070 and 1,100 MMcfe/d and production for 2014 to average between 1,070 and 1,140 MMcfe/d, which includes the potential impact of ethane rejection for the year of approximately 22 MMcfe/d. LINN reported a net loss of approximately $785M, or $3.15 per unit, for Q4, which includes non-cash impairment charges of $790M, or $3.16 per unit, and non-cash changes in fair value of unsettled commodity derivatives of approximately $44M, or 18c per unit, including the reduction of put option premium value over time.
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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