Full Disclosure, I current very long LINE. I can only post a few quotes from the analyst note that can explain why we are down today.
"LINN reported adjusted EBITDA of $362mm, below the JPMe/Street median of
"Quarterly results below expectations. 2Q13 production increased 24% YoY to
780MMcfe/d (JPMe of 786MMcfe/d) but decreased 2% QoQ"
"Lower EBITDA and DCF Guidance following 2Q results ....LINN lowered
EBITDA guidance ~4% to $1,459mm and DCF ~10% to $611mm"
"SEC Inquiry/BRY Merger. ...LINN remains committed to closing the
transaction but we expect closure of the merger to be dependent on the successful
resolution of the inquiry."
"Distribution run-rate flat at $2.90, expect no increase in 2H13."
"Current Wolfberry activity focused on vertical with potential for horizontal
drilling ....The partnership is looking to expand
into the horizontal Wolfcamp through 4 non-operated wells and 1 operated well. In
the MS Lime, LINN is looking to farm out acreage in Alfalfa County to a JV partner
with plans to drill ~50 wells over the next two years."