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Linn Energy (LINE)
Posted: Tue Mar 10, 2015 8:26 pm
by dan_s
An updated profile for LINE has been posted to the website.
Re: Linn Energy (LINE)
Posted: Fri Mar 13, 2015 9:17 am
by drewsgpa
LINN ordered to shut several California wells. Some 2,000 injection wells under review, half of the permits owned by Freeport and Linn Energy. Any thoughts on impact on Linn's business??
LNCO now has yield of 13%...
http://www.bloomberg.com/news/articles/ ... cmpid=yhoo
Re: Linn Energy (LINE)
Posted: Sat Mar 14, 2015 11:48 am
by dan_s
The order includes three wells operated by Linn Operating Inc., three by California Resources Corp., two each by E&B Natural Resources Management Corp. and Chevron Corp. and one well each operated by Modus Inc. and Western States International Inc. Modus and Western States International will receive cease-and-desist orders while the rest voluntarily relinquished their permits to inject. The two Chevron wells were idle and not active, said Don Drysdale, spokesman for the California Department of Conservation.
Zero impact on my forecast model.
Re: Linn Energy (LINE)
Posted: Sat Mar 14, 2015 11:54 am
by dan_s
I like the potential of Linn's creative new deal with GSO Capital Partners, which they call "DrillCo". If the concept catches on with the VC firms, it could open up a new funding method for all of the large upstream MLPs.
http://www.investopedia.com/articles/ma ... er=YahooSA