LINE dividend
LINE dividend
It would seem to me LINE should substantially increase their dividend next year. A penny for your thoughts Dan ??
Re: LINE dividend
LINE's current dividend yield is approximately 10% and I see very little risk that they will reduce their monthly distributions. I am bullish on it because I believe the unit price will move higher as the analysts get a better feel for the "Post BRY Merger" LINE. After a big merger it always takes awhile for Wall Street to figure it out. I like the BRY merger because it gives LINE a lot more exposure to liquids. I think the unit price should be in the $35 range.
If oil & gas prices hold up (I think they will move higher) then LINE should be able to increase distributions next year. - Dan
PS: I have been spending a lot of time working on the Sweet 16 lately. I am finishing up profile updates on CLR and DVN today. I plan to spend more time on the companies in our High Yield Income Portfolio in June.
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HOUSTON, May 30, 2014 (GLOBE NEWSWIRE) -- LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) announced today monthly distributions and dividends, respectively.
LINN Energy, LLC declared a monthly cash distribution of $0.2416 per unit, or $2.90 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable June 12, 2014, to unitholders of record as of the close of business on June 9, 2014.
LinnCo, LLC declared a monthly cash dividend of $0.2416 per common share, or $2.90 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable June 13, 2014, to shareholders of record as of the close of business on June 9, 2014.
ABOUT LINN ENERGY
LINN Energy's mission is to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets. LINN Energy is a top-15 U.S. independent oil and natural gas development company, with approximately 7.0 Tcfe of proved reserves (pro forma for announced 2014 trade) in producing U.S. basins as of December 31, 2013. More information about LINN Energy is available at www.linnenergy.com.
ABOUT LINNCO
LinnCo was created to enhance LINN Energy's ability to raise additional equity capital to execute on its acquisition and growth strategy. LinnCo is a Delaware limited liability company that has elected to be taxed as a corporation for United States federal income tax purposes, and accordingly its shareholders will receive a Form 1099 in respect of any dividends paid by LinnCo. More information about LinnCo is available at www.linnco.com.
If oil & gas prices hold up (I think they will move higher) then LINE should be able to increase distributions next year. - Dan
PS: I have been spending a lot of time working on the Sweet 16 lately. I am finishing up profile updates on CLR and DVN today. I plan to spend more time on the companies in our High Yield Income Portfolio in June.
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HOUSTON, May 30, 2014 (GLOBE NEWSWIRE) -- LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) announced today monthly distributions and dividends, respectively.
LINN Energy, LLC declared a monthly cash distribution of $0.2416 per unit, or $2.90 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable June 12, 2014, to unitholders of record as of the close of business on June 9, 2014.
LinnCo, LLC declared a monthly cash dividend of $0.2416 per common share, or $2.90 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable June 13, 2014, to shareholders of record as of the close of business on June 9, 2014.
ABOUT LINN ENERGY
LINN Energy's mission is to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets. LINN Energy is a top-15 U.S. independent oil and natural gas development company, with approximately 7.0 Tcfe of proved reserves (pro forma for announced 2014 trade) in producing U.S. basins as of December 31, 2013. More information about LINN Energy is available at www.linnenergy.com.
ABOUT LINNCO
LinnCo was created to enhance LINN Energy's ability to raise additional equity capital to execute on its acquisition and growth strategy. LinnCo is a Delaware limited liability company that has elected to be taxed as a corporation for United States federal income tax purposes, and accordingly its shareholders will receive a Form 1099 in respect of any dividends paid by LinnCo. More information about LinnCo is available at www.linnco.com.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: LINE dividend
14 analysts have provided forecasts and price targets to First Call for LINE.
High target = $40/unit
Low target = $26/unit
Mean target = $33.79/unit
My target is $35/unit by year-end.
High target = $40/unit
Low target = $26/unit
Mean target = $33.79/unit
My target is $35/unit by year-end.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group