Stifel maintained its Buy rating on Linn but lowered its price target from $48 to $33
“If the BRY/LNCO deal falls through and the company NEVER makes additional accretive acquisitions (extremely doubtful in our opinion), we believe LINE units are worth approximately $22 using a discounted cash flow analysis. However, if the BRY/LNCO acquisition falls through but company maintains a conservative acquisition program through 2020, we estimate LINE units to be worth $32 to $35. If we assume the BRY deal is completed in 4Q13, we estimate LINE units intrinsic value to be $35-$40 based on a future discounted cash flow analysis and assuming a conservative future acquisition program.”
Stifel says that LINE is worth any where from $22 to $40. Hedgeye says LINE is at best worth $8, Make's for great trading, as long you are on the right side of the trade. Best to short this stock,intel Sec come out with their report on LINE. Shorts will rule intell then.