The question asked that they forecast for the coming "year." They said they couldn't do that because they are only embarking on their strategic plan process for 2014. That's a very reasonable answer, even if people don't like it.
Yeah, they did, but it's not like they meant what the market thought they meant. No company is going to answer that question, you just can't. In the current light, it sounds bad, it's really just standard practice.
I honestly think the accounting is a non issue. It is just normal that when a company declares a very low distribution coverage two quarters in a row and there is no obvious propspect of returning to 1.0 x plus, that they cut the distribution. All of this has been obvious for some time. But I do expect Linn to drop like a rock! Ruellia