Recent

% | $
Quotes you view appear here for quick access.

Linn Energy, LLC (LINE) Message Board

  • jackrothaus jackrothaus Feb 25, 2013 9:41 AM Flag

    LNCO seems to be a better investment than LINE

    LNCO is up huge over LINE. #$%$?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • And some SA article is out with some interesting info:
      "For the 26 wells it completed there in 2012, the average IP rate was approximately 2150 Boepd. This was comprised of 1500 bpd of oil, 385 bpd of NGLs, and 2.4 MMcf /d of natural gas. LINE plans to invest $400 million more in drilling the Granite Wash (where the Hogshooter is) in 2013. This amounts to 35% of LINE's development program excluding purchases. Including the BRY acquisition LINE plans to grow production by 45% in 2013.

      This acquisition is expected to make LINE more "oily." BRY's production is approximately 40,000 Boepd with a decline rate of 15%. The reserves are approximately 75% oil. This will push LINE's liquids exposure from 46% currently to 54% after the deal closes.
      "

 
LINE
9.16+0.21(+2.35%)Jul 2 4:00 PMEDT