Berry Corporation (BRY)

[Timothy Smith]

Why Berry Petroleum Company LLC (NYSE:BRY)’s assets are a perfect fit

Linn Energy LLC (NASDAQ:LINE)’s management team maintains a fairly simple strategic view of its business: to acquire and develop high-quality properties for production of oil and gas. Fulfilling those objectives is how an exploration and production company grows and funds its massive distribution, and it’s something the company takes very seriously. LINN’s management team has a sterling track record of making deals that are directly beneficial to LINN’s unit holders, and the Berry Petroleum Company LLC (NYSE:BRY) deal is no exception.

Berry Petroleum Company LLC (NYSE:BRY)’s assets fulfill Linn Energy LLC (NASDAQ:LINE)’s priority of finding high-quality properties. Berry’s assets hold a depletion rate of just 15%, and a reserve life greater than 18 years. In addition, Berry’s portfolio will solve a separate desire for LINN, which is to increase its liquids exposure. That’s because Berry’s reserves are 75% liquids.

Put simply, upon integrating Berry Petroleum Company LLC (NYSE:BRY), Linn Energy LLC (NASDAQ:LINE) will be a force to be reckoned with among exploration and production MLPs. LINN’s overall production will increase by 30%, and the company will now be the fifth-largest producer in California.

http://www.nextiphonenews.com/2013/12/why-linn-energy-llc-line-is-a-solid-buy-after-closing-the-berry-petroleum-company-llc-bry-acquisition/