Linn Energy Gains may be Short-lived in Tumbling Energy Market: Analyst Report Issued by BrokerBank Securities, Inc.
NEW YORK, Jan. 5, 2015 /PRNewswire/ -- Linn Energy, LLC (NASDAQ: LINE) is based in Houston TX, recently announced that the company will be slashing the quarterly dividend from $2.90 to $1.25 and reducing capital expenditure as a consequence of falling oil and share price. It was also reported that Blackstone Private Equity is funding the advancement of the company's projects with a $500m investment. This news caused a surge in Linn's share price of over 12% on volume of over 17 million shares (compared to a 3 month average of 4.3 million). The investment by Blackstone brought back investor confidence in a company that has lost over 65% in 2014.
For the full research report with analyst comments and recommendation on Linn Energy, LLC please follow the link. There is no cost obligation required to view analyst report:
http://bit.ly/-LINE-AnalystReport
Copy and paste to browser may be required.
Forward-Looking Disclaimer
This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward- looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.
Not Financial Advice
BrokerBank Securities, Inc. make no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
Compliance Procedure
Content is researched, written and reviewed on a best-effort basis by a 3rd party research analyst. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. We do not engage in high frequency trading.
A full disclaimer can be found by viewing the analyst report.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
SOURCE BrokerBank Securities, Inc.
Share this article