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Linn Energy, LLC Message Board

  • braf.allan braf.allan Aug 13, 2013 3:04 PM Flag

    line s buisiness

    line is a consolidator of mature assets that is their primary business bry offers them a chance to be more of and hybrid e&P consolidator but line will live on without berry its not to hard to understand lines cash flow they take mature assets try and get a little more out of them at the same time they use depreciation tables buted to show the income as cash flow instead of earnings any money they use for drilling is immediately taken from this cash flow hence more drilling less cash flow to be distributed since they know that the amortization doesn't mean that the wells are no longer productive it just means that they are now earning instead of cash flow the cash that line may or may not borrow to pay distribution is pretty meaningless if you believe that once the depreciation is fully accounted for the wells aren't worthless

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