Clearly the stock is dropping. As a Linn stock holder, it's bad. To say, being a Linn energy investor has been NOT been a good investment as the DOW Jones and nasdaq goes up and up and up is telling it like it is.
High 30's to low 40's and the next thing, low 20's almost teens. WOW!
Now, the earnings report, sec and the BRY merger.
As I see it, the sec will keep the Books from being cooked. This will cause a quick sell off, THEN, the smart money will pour in because the bad news will have been make public. This will cause Linn Energy (LINE) to start rising up and to be followed up more on the BRY deal.
Just don't feel I'm in the wrong stock. CHK, BP have had a wonderful year and are now very pricy. Linn Energy to me is, way, way, way undervalued.
As an investor, I have to buy undervalued stocks. Time is on my side.