But many companies have been bought after having energy accounting specialists look over the books of LINE and one would think that they can value this company. It is also hard to believe that hedge funds can have this much power and would use it in the public eye to manipulate prices.I suspect there is some validity to both sides of this coin but my gut tells me that LINE is oversold and money is to be made here from these price levels which is why I am in.
I agree. LINN has issued a lot of debt and was buying BRY with stock. You would think all of the pros involved with these dealings would have been comfortable with LINN's accounting. It does concern me that LINN suddenly stopped buying puts in 2013 for hedging though (do you know why?).