Linn and it's subsidiary Lnco are currently undergoing SEC investigations for possible accounting and company structure irregularities. Furthermore, Linn's merger/buyout of Berry has been put on hold, pending the outcome of the SEC investigation. And Barron's insists that Line's accounting/payout system borders on a fraudulent Ponzi scheme. These are reasons why Line's/Lnco's pps has been falling.
If COP tries to buy out Linn, then the whole COP management team would have to be incompetent.
Also, at this time, a number of legal firms have stated that they are investigating Linn and are in the initial stages of preparing class action shareholder lawsuits against the company for alleged misrepresentation of the company's financial status.
Very good point.
Sometimes old management can get behind the 8 ball and new blood changes everything. I was noticing that Linn's assets are in areas where COP is interested in. We have CASH and If they tapper this fall there will be some bargains.