This whole deal is taking far too long, allowing all the games being played. Linn should have cleared all potential speed bumps up before entering into this. The quicker this deal moved along would have been better for all parties not interested in the manipulation games.
I think you are very very late to this story. The Berry acquisition was the impetus for the SEC inquiry. It was the negative stories in Barrons and the ensuing bear raid that followed that took this stock down. There is a little too much Monday morning quarterbacking going on regarding this stock. There is no way Linn Co could have saw this coming.
Could it be they are just going to #$%$ up properties like they just did in the Permian and let the BRY deal go? Who knows, but one thing about it BRY shareholders would be much better off with the merger than without. The day to day stock action will settle down once the outcome of the BRY deal is made. I believe Cooperman said this was worth $40.00 without the deal.