all of the accounting practices have been well known since linn energy's IPO (I think in 2006). Including the treatments of puts. Linn energy has not hidden anything. The funny thing is that the short sellers and Barron's article did not uncover anything not known to anybody that took the time to review in detail the financial statements.
I went long stock on Friday...bought a bit more at low today, so I'm good with the 180 today...blame iPhone on auto correct for spelling....this situation clearly shows how the Wall Street casino continues to go unchecked....earnings will tell the tape eventually, but until then...price action is a game of craps!
pfm: SO TRANSPARENT... Before you comment on a company that you obviously have not one iota of new and/or relevant information to add to the discussion, may I suggest you learn how to spell... aside: Does your guardian know that you are playing on the computer again???
what do you want management to say. SEC is endorsing the short bear raid and nothing companies can do without an uptick rule or reduction in high frequency trading. No anxious buyers allow the shorts to drive stocks into the ground. Looks like they will be successful in destroying LINE, LNCO and the BRY deal.
I'd like to hear how LINE matched the cost of options for gas sales to the revenue of the associated gas sales. Good Accounting If they say it is part of long term capital assets that sounds like bad Accounting.