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Linn Energy, LLC (LINE) Message Board

  • investinbiotech2002 investinbiotech2002 Jul 2, 2013 9:40 AM Flag

    Hedge Funds Behind SEC Complaint--Inquiry

    I smell hedge funds behind this "inquiry" to fit their short agenda. The funds complained to the SEC and bingo, the SEC falls for their lies. It has happened before where the SEC becomes a tool in the short hedge fund(s) agenda to make money through lies and distortion of the truth.
    The SEC should be investigating the hedge funds as should the Justice Department for collusion.

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    • Seems like quite a coincidence. what I don't get is that virtually every major brokerage firm has at least an outperform rating on LINE as well as quite a few major banks. Many of them have offered opinions that they had no problem with Lines hedging program or their accounting for it. Clearly BRY's auditors seemed to be satisified with Lines accounting. It's hard to believe that all of the analysts that have delved into the issues raised in the Barrons articles could be so wrong.

    • Isn't the SEC in the middle of this already because of the merger? Sounds like overkill to me.

      Sentiment: Strong Buy

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