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Linn Energy, LLC Message Board

  • visit_youarguedotcom visit_youarguedotcom Jun 18, 2013 11:32 AM Flag

    from barron's article

    Energy production at Linn Energy has stalled in 2013, leading to inadequate cash flow generation in order to meet the $2.90 annual payout for investors.

    Oil and gas production fell to 796 million ft³/day during the first quarter, below prior guidance of 827 million ft³/day. The company also restricted itself by stating it reviews cash distributions on an annual basis, rather than a quarterly one. This rigid policy makes a perceived financial shortfall more apparent.

    LinnCO (NASDAQ: LNCO) board member Terrence Jacobs stepped in on May 30 and purchased 15,000 shares of Linn Energy for $34.20 per share. The total transaction value amounted to $513,000 when the stock was purchased.

    Jacobs failed to catch a falling knife and restore confidence in Linn Energy’s flailing share price, as shares have fallen 15% further since the time of purchase. All in all, investor confidence in Linn Energy appears to be waning.

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