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Stock Market & Financial Investment News

News Breaks
May 1, 2014
06:48 EDTLINELINN Energy reports average daily proudction up 39% to 1,104 MMcfe/d
Reports Q1 oil, natural gas and NGL sales up 103% to $939M. The company said better than expected results from the capital program and efficient management of LINN's base assets resulted in increased production across a number of operating areas for the first quarter, most significantly in California and the Uinta Basin. First quarter transportation expenses were slightly higher than expected primarily due to higher gathering costs in the Hugoton Field and increased compressor fuel and production costs associated with higher natural gas prices. Additionally, first quarter oil differentials were wider than anticipated primarily in the Permian and Williston basins.
News For LINE 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 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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