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Linn Energy, LLC (LINE) Message Board

  • derivative5150 derivative5150 Jul 2, 2013 9:53 AM Flag

    Wow...PAIN!

    I was not a believer in HedgeEye and Barron's assertions about LINE's accounting practices or the merger, but when the SEC wants to review your accounting practices, that usually spells big time trouble. It's not a small thing, and LINE had to release distributions to try and soften the blow. As a long-term holder with now 12,000 units, I had to sell and could take no more pain.

    If the deal is concluded and the SEC is cleared fromt the picture and the distribution is increased, I'll be back in for sure, but it will probably be in the low to mid twenties at that point. Accounting practice reviews by the SEC take a while, and the deal cannot commence until those reviews are concluded. GLTA...I can't believe how #$%$ this stock has been acting...it's put me negative for the entire last quarter.

 
LINE
8.99-0.06(-0.61%)4:00 PMEDT