Shorts are in operation. Probably hoping to shake the BRY deal off which seems to have failed. BUt it does not appear the shorts have given up just yet.
BUt it is looking like it will pass pretty quickly.
Still hard to believe Barron's did a piece with $20 targets and beyond absurd estimate from hedgeeye. The writers there know better and if you are going so far off the analysts estimates a responsible journalist requires far more than rehash and even more extreme claims.
If you want to know what some very smart people think about Linn Energy's financials and fundamentals--take a look at Linn's bonds over the past couple of weeks. This week-- after Barron's attempt and Hedgeye's attempt, and the follow up attempts by their cohorts--bond investors are paying MORE for Linn's bonds, not less. The bond market is an excellent read on high level evaluations by major investors.