"Accountability.........." is the whole key. If management's accounting has been honest, competent, and straightforward, then there's nothing to worry about. If management hasn't been honest, competent, and straightforward, then there are many things to worry about.
And since management has revised it's S4 report, only after the SEC began it's inquiry, I suggest that Line's management hasn't been honest, competent, and straightforward. And now shareholders are paying the price. Before the announced SEC inquiry, Lnco shares were over $44 a share, now down to $28.70, a 35% drop. And things can prove to be much worse over the next year of legal proceedings, SEC directives, class action lawsuits. A lot worse.
If the SEC had never inquired, if Barons and Hedgeye had never written their pieces, would people have asked for Linn to revise it's S4? No. Stating that they changed it after the informal inquiry is erroneous. All they did was change wording anyways. Give it a rest man.
If you can't handle the ups and downs of an Oil and Gas stock, then you need to start investing in other industries or other types of securities.