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Get your dividends, Bitches?
I think what you meant to say was FALALALALALALALALALA
There's no shorting. The company is trying to merge this stock with the other one. Who'd want to get left trying to cover after?
and here I thought I was giving you credit for astuteness.
Heavy shorting IMO. A lot more volume than before the spike to 2$. When it's ready, i think the move could be massive
My info is just as valuable as the other guy. I dunno, but don't feel like this stock will ever come back. But that's just my opinion.
Have you read most of ihub? The quality isn't that great but I'm trying to stimulate any conversation. I like to play charts, you clearly like to just troll judging by the arguments you're constantly in. Chart looks good on LINE for a potential move up. Just my opinion so please refrain from tearing into me.
What will it take for (LINE) Linn energy pps to go back over $2 a share like it did on March 7 of this year. It went from pennies to $2.04. What happen to make it tank for badly. Even REXX energy tanked to pennies per share, with same problems as LINE energy. Oil is over $45 a barrel. Other gas and oil stocks soar today on this news. Why LINE energy tanked instead of soaring today.
Is there's a chance for Linn energy to come out of pennyland.
What will it take for (LINE) Linn energy pps to go back over $2 a share like it did on March 7 of this year. It went from pennies to $2.04. What happen to make it tank for badly. Even REXX energy tanked to pennies per share, with same problems as LINE energy. Oil is over $45 a barrel. Other gas and oil stocks soar today on this news. Why LINE energy tanked instead of soaring today.
Is there's a chance for Linn energy to come out of pennyland.
LOL! True. A verrrry valuable piece of information there. It "could" be moving soon.
above the 20day now/targeting .45 at the top band..
if it gets there
then targeting about 55
around the 50day/average
some indicators > http://stockcharts.com/h-sc/ui?s=LINE&p=D&b=5&g=0&id=p08301669207
========================================================================
LinnCo Successfully Completes Exchange Offer for LINN Energy Units and Commences Subsequent Offering Period
GLOBENEWSWIRE 7:45 AM ET 4/26/2016
Symbol Last Price Change
LNCO 0.403down 0 (0%)
LINE 0.304down 0 (0%)
QUOTES AS OF 04:00:00 PM ET 04/25/2016
HOUSTON, April 26, 2016 (GLOBE NEWSWIRE) -- LinnCo, LLC(LNCO) (“LinnCo”) today announced that it has successfully completed its offer to exchange each outstanding unit of LINN Energy, LLC(LINE) (“LINN”) for one LinnCo(LNCO) share (the “Exchange Offer”) upon the terms and conditions of the Prospectus/Offer to Exchange dated April 26, 2016 (the “Prospectus”) and the accompanying Amended and Restated Letter of Transmittal (the “Letter of Transmittal”).
Image: LinnCo(LNCO) logo
The Exchange Offer expired at 12:00 midnight (New York City time) on Monday, April 25, 2016. American Stock Transfer & Trust Company (“AST”), the exchange agent for the Exchange Offer, has advised LinnCo(LNCO) that a total of approximately 103,961,939 LINN units, representing approximately 29% of the aggregate number of outstanding LINN units, were validly tendered and not withdrawn in the Exchange Offer. Accordingly, all LINN units that were validly tendered and not withdrawn have been accepted, and LinnCo(LNCO) is promptly issuing new LinnCo(LNCO) shares for all such tendered LINN units in accordance with the terms of the Exchange Offer.
To allow remaining LINN unitholders the opportunity to tender their LINN units, LinnCo(LNCO) also announced the commencement of a subsequent offering period beginning today, April 26, 2016. The subsequent offering period will expire at 12:00 midnight (New York City time) on May 23, 2016, unless extended. LINN unitholders who validly tender their LINN units during the subsequent offering period will receive the same exchange ratio provided in the Exchange Offer. Procedures for tendering LINN units during the subsequent offering period are the same as during the initial offering period, except that pursuant to Rule 14d-7(a)(2) under the Securities Exchange Act of 1934, as amended, LINN units validly tendered during the subsequent offering period will be accepted on a daily, "as tendered" basis and, accordingly, may not be withdrawn.
The purpose of the Exchange Offer is to permit holders of LINN units to maintain their economic interest in LINN through LinnCo(LNCO), an entity that is taxed as a corporation rather than a partnership, which may allow LINN unitholders to avoid future allocations of taxable income and loss, including cancellation of debt income (“CODI”), that could result from future debt restructurings or other strategic transactions by LINN. In general, if CODI arises in any particular month, that CODI will be allocated to LINN unitholders who held LINN units as of the first day of that month.
As previously announced, on April 4, 2016, LINN and Linn Energy Finance Corp. entered into a settlement agreement with certain holders of its senior secured second lien notes (“Settlement Agreement”). LinnCo(LNCO) and LINN do not believe that any events that have occurred in April, including entry into the Settlement Agreement, will give rise to CODI in April. However, future transactions, including the closing of the transactions contemplated in the Settlement Agreement, may give rise to CODI, and LINN can provide no assurances that LINN unitholders who tender their LINN units during the subsequent offering period will not be allocated some amount of CODI as a result.
Although CODI may arise in the same calendar month as any settlement of LINN units made during the subsequent offering period, such CODI will likely be only a portion of the total CODI that LINN would expect to realize from future debt restructurings or other strategic transactions. For example, if LINN seeks protection under Chapter 11 of the U.S. Bankruptcy Code in May, some amount of CODI may arise upon the closing of the transactions contemplated in the Settlement Agreement (the timing of which is uncertain). However, a more substantial amount of CODI may also arise at the time a plan of reorganization is consummated. Therefore, LINN unitholders that exchange during the subsequent offering period will continue to avoid future allocations of CODI to the extent such CODI arises in calendar months following any settlement of LINN units made during the subsequent offering period.
This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell LINN units or any other securities. The Exchange Offer is being made only pursuant to the Prospectus and only in such jurisdictions as is permitted under applicable law.
IMPORTANT ADDITIONAL INFORMATION FILED WITH THE SEC
This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the LINN units, nor is it a substitute for the registration statement and the exchange offer materials that LinnCo(LNCO) has filed with the SEC. THE EXCHANGE OFFER MATERIALS (INCLUDING A PROSPECTUS/OFFER TO EXCHANGE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER EXCHANGE OFFER DOCUMENTS) CONTAIN IMPORTANT INFORMATION. LINN UNITHOLDERS ARE URGED TO READ THESE DOCUMENTS (AS THEY MAY BE AMENDED FROM TIME TO TIME) CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT LINN UNITHOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING EXCHANGING THEIR UNITS. The Prospectus, the related Letter of Transmittal and certain other exchange offer documents are available to all LINN unitholders at no expense to them. The exchange offer materials are available for free at the SEC’s website at www.sec.gov. Additional copies may be obtained for free by contacting LinnCo’s Investor Relations department at (281) 840-4193 or D.F. King & Co., Inc., the information agent for the Exchange Offer, at (877) 297-1738.
In addition to the Prospectus, the related Letter of Transmittal and certain other exchange offer documents, LinnCo(LNCO) and LINN file annual, quarterly and current reports and other information with the SEC. You may read and copy any reports or other information filed by LinnCo(LNCO) and LINN at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. LinnCo’s and LINE’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release includes "forward-looking statements." All statements, other than statements of historical facts, included in this press release that address activities, events or developments that LinnCo(LNCO) expects, believes, targets or anticipates will or may occur in the future are forward-looking statements. These statements include, but are not limited to forward-looking statements about the timetable for the completion of the subsequent offering period and possible CODI recognition. These statements are based on certain assumptions made by LinnCo(LNCO) based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond LinnCo’s control, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to CODI recognition, the financial performance and results, the significant amount of indebtedness under LINN credit facilities and senior notes, access to capital markets, availability of sufficient cash flow to execute LINN’s business plan, implementation of LINN’s expense reduction strategy, continued low or further declining commodity prices and demand for oil, natural gas and natural gas liquids, ability to hedge future production, the ability to replace reserves and efficiently develop current reserves, the regulatory environment, and other important factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. See "Risk Factors" in LinnCo’s and LINN’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other public filings. Any forward-looking statement speaks only as of the date on which such statement is made.
Contacts:
LinnCo, LLC (LNCO)
Investors and Media:
Clay Jeansonne, Vice President – Investor and Public Relations
(281) 840-4193
Sarah Nordin, Public Relations and Media
(713) 904-6605
Image: Primary Logo
Source: LINN Energy, LLC(LINE); LinnCo, LLC(LNCO)
2016 GlobeNewswire, Inc.
My, you are a silly little monkey. Of course people should be able to read your mind. How foolish of me to think otherwise.
And I'm posting in the LINE board. So, yes I am clearly talking about line. Sorry I didn't spell it it for you and that you can't get past semantics to have a normal and civil conversation
Yes. The stock LNCO, is a full 10c higher than LINE. Are you daft?? I'm done with this argument. Useless
Changing your story again??
Do you know what board your on? Stop harassing and go away
Wow man. I said LNCO was 10 cents higher than LINE. Get your head on straigt
LOL! Now you're changing your story to being about volume? Volume today is 1,320,129. On Friday the volume was 2,080,000. So again, what are you talking about?
If you need help understanding investing just ask. Don't be too proud. You clearly are confused about how it works.
P.S. the stock did not run to $2. It ran to $1.70, then quickly tanked again.
Wait a minute! I should step back and what? Read your post of misinformation again before posting out of context? What context? You claimed the stock was up 10 cents today. Opened today at .42 and the high today was .42.
Maybe you should consider actually LOOKING at the share price before you just make up share prices. What if someone had blindly sold based on you telling them it was up 10 cents?
I post positively to people who give me something to be positive about.
The short report shows it has gone way up, specifically since the run to 2$. Look, the volume alone is way more than before
Why don't you step back and consider context before you make a fool out of yourself. LNCO and line are generally at the same price HISTORICALLY SPEAKING with LINE usually being a little higher than LNCO because insiders have stake in this ticker.
You people are relentless. At least I got a reply though? Just nothing but negativity from people like you
How is the statement below an "opinion"?
What no way man. I'm just throwing out my opinion. Obviously I was wrong but still heavy shorting here
I swear, you pumpers are like cockroaches. Just make up garbage to draw in flies.
Are you sure you understand how to read a ticker?
LNCO a full 10 cents higher. Never seen such a swing in this direction
Big volume gonna come in today
tuff decision/ Linn Energy, LLC (LINE)'
Huge squeeze about to happen here IMO. Short interest is high not to mention this is the linn energy stock that insiders own. Charts just turning around. .5?
Hey Mick, what are your thoughts concerning this offering?
Of what benefit would it be for current LINE share holders holding the commons?
I haven't really been following the saga here @ LINE, as I've been swing trading SandRidge Energy (SDOC) for many weeks and doing quite well.
SandRidge is being tight lipped as to the possibility of a pre packaged BK/Restructuring so it's trading on those fears.
I'm just shocked to see stocks like GDPMQ still trading so high after having filed Chap 11, and stocks like EXXI et. al.
Was wondering your thoughts
************************************************************************************
Beleaguered Linn Energy (LINE) unitholders have one more week to decide if they want to become shareholders of equally troubled LinnCo (LNCO).
The Houston-based companies announced an offering last month in which Linn Energy unitholders (as they are called under a master limited partnership structure) would be able to exchange their units for shares of LinnCo stock. The purpose of the transaction was to help Linn Energy unitholders avoid cancellation of debt income in the event that the companies were forced to restructure their debts. Also, unitholders would still be able to be invested in the Linn family of companies -- should they want to be.
Shares of Linn Energy and LinnCo both trade for less than $0.50.
While the offering may help unitholders avoid cancellation of debt income, Linn Energy has cautioned that investors consult with their own tax advisor before proceeding. Participation in the exchange would be a taxable event, which could create tax liabilities for participants. As an example, when Kinder Morgan (KMI) switched from an MLP structure to a corporate structure, investors were hit with a tax bill from the exchange. (To be sure, there are several circumstantial differences between Kinder Morgan and Linn Energy and LinnCo -- namely, the financial health of the former was stronger at the time of the exchange.)
The offering was initially supposed to expire Monday but was extended to Apr. 25, 2016. As of Friday, 55.5 million Linn Energy units were tendered in the exchange. The exchange offering extension was just one of several updates Linn Energy and LinnCo provided in the last few days.
As the company explores "strategic alternatives" with its financial and legal advisors, it has been exercising the 30-day grace period to make interest payments on several of its notes. Last week it made interest payments totaling $60 million on its notes and it is deferring $58 million in interest payments coming due between Apr. 15 and May 1.
Linn Energy and Berry Petroleum, a wholly owned subsidiary of Linn Energy, announced recently obtained waivers on their respective credit facilities. The waivers state that certain events -- such as the failure to make interest payments or cross-defaults -- would not constitute an event of default under the credit facilities until May 11.
Recent announcements give Linn and LinnCo more time but little relief.
says nothing to you because you want nothing...horses, water
Last (time)12:00a ET 04/18/16
Last (size)0
52-Wk Range
0.262 - 14.21LowHigh
% Above Low (05/04/15 - 04/04/16)40.08%
Historical Volatility213.7%
Market Cap130.4M
Shares Outstanding355.2M
EPS (TTM, GAAP)-13.61
P/E Ratio (TTM, GAAP)--
Annual Dividend/Yield$1.25/340.71%
Ex-dividendNo dividend
Beta0.9
% Held by Institutions3.38
Short Interest (% of float 03/31/16)
LinnCo Announces Extension of Exchange Offer
GLOBENEWSWIRE 7:45 AM ET 4/18/2016
Symbol Last Price Change
LNCO 0.47 0 (0%)
LINE 0.3966 0 (0%)
QUOTES AS OF 04:00:00 PM ET 04/15/2016
HOUSTON, April 18, 2016 (GLOBE NEWSWIRE) -- LinnCo, LLC(LNCO) (“LinnCo”) announced today that it has extended the expiration of its previously announced offer to exchange each outstanding unit of LINN Energy, LLC(LINE) (“LINN”) for one LinnCo(LNCO) share (the “Exchange Offer”) to 12:00 midnight, New York City time, on April 25, 2016. All of the other terms and conditions of the Exchange Offer remain unchanged.
Image: LinnCo(LNCO) logo
American Stock Transfer & Trust Company, LLC, the exchange agent for the Exchange Offer, has advised that, as of 5:00 p.m., New York City time, on April 15, 2016, a total of approximately 55,490,588 LINN units were validly tendered and not properly withdrawn in the Exchange Offer. LINN unitholders who have already tendered their LINN units do not have to re-tender their LINN units or take any other action as a result of the extension of the Exchange Offer.
The Exchange Offer is being made upon and is subject to the terms and conditions set forth in the Prospectus/Offer to Exchange dated April 18, 2016 (the “Prospectus”) and the accompanying Amended and Restated Letter of Transmittal (the “Letter of Transmittal”). LinnCo’s obligation to accept for exchange the LINN units validly tendered in the Exchange Offer is subject to the effectiveness of the Registration Statement on Form S-4 filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 22, 2016, as amended by Amendment No. 1 to Registration Statement on Form S-4, filed with the SEC on April 6, 2016, and Amendment No. 2 to Registration Statement on Form S-4, filed with the SEC on April 18, 2016, of which the Prospectus is a part, and the lack of legal prohibitions.
This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell LINN units or any other securities. The Exchange Offer is being made only pursuant to the Prospectus and only in such jurisdictions as is permitted under applicable law.
IMPORTANT ADDITIONAL INFORMATION FILED WITH THE SEC
This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the LINN units, nor is it a substitute for the registration statement and the exchange offer materials that LinnCo(LNCO) has filed with the SEC. THE EXCHANGE OFFER MATERIALS (INCLUDING A PROSPECTUS/OFFER TO EXCHANGE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER EXCHANGE OFFER DOCUMENTS) CONTAIN IMPORTANT INFORMATION. LINN UNITHOLDERS ARE URGED TO READ THESE DOCUMENTS (AS THEY MAY BE AMENDED FROM TIME TO TIME) CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT LINN UNITHOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING EXCHANGING THEIR UNITS. The Prospectus, the related Letter of Transmittal and certain other exchange offer documents are available to all LINN unitholders at no expense to them. The exchange offer materials are available for free at the SEC’s website at www.sec.gov. Additional copies may be obtained for free by contacting LinnCo’s Investor Relations department at (281) 840-4193 or D.F. King & Co., Inc., the information agent for the Exchange Offer, at (877) 297-1738.
In addition to the Prospectus, the related Letter of Transmittal and certain other exchange offer documents, LinnCo(LNCO) and LINN file annual, quarterly and current reports and other information with the SEC. You may read and copy any reports or other information filed by LinnCo(LNCO) and LINN at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. LinnCo’s and LINE’s filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release includes "forward-looking statements." All statements, other than statements of historical facts, included in this press release that address activities, events or developments that LinnCo(LNCO) expects, believes, targets or anticipates will or may occur in the future are forward-looking statements. These statements include, but are not limited to forward-looking statements about the timetable for the completion of the Exchange Offer. These statements are based on certain assumptions made by LinnCo(LNCO) based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond LinnCo’s control, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to the failure of the Exchange Offer to be consummated for any reason, financial performance and results, the significant amount of indebtedness under LINN credit facilities and senior notes, access to capital markets, availability of sufficient cash flow to execute LINN’s business plan, implementation of LINN’s expense reduction strategy, continued low or further declining commodity prices and demand for oil, natural gas and natural gas liquids, ability to hedge future production, the ability to replace reserves and efficiently develop current reserves, the regulatory environment, and other important factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. See "Risk Factors" in LinnCo’s and LINN’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other public filings. Any forward-looking statement speaks only as of the date on which such statement is made.
Contacts:
LinnCo, LLC(LNCO)
Investors and Media:
Clay Jeansonne, Vice President – Investor and Public Relations
(281) 840-4193
Sarah Nordin, Public Relations and Media
(713) 904-6605Image: Primary Logo
Source: LINN Energy, LLC(LINE); LinnCo, LLC(LNCO)
2016 GlobeNewswire, Inc.
BRIEF-LinnCo announces extension of exchange offer
REUTERS 8:23 AM ET 4/18/2016
Symbol Last Price Change
LNCO 0.47 0 (0%)
QUOTES AS OF 04:00:00 PM ET 04/15/2016
April 18 (Reuters) - LinnCo LLC(LNCO)
* Linnco(LNCO) announces extension of exchange offer Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
(c) Copyright Thomson Reuters 2016. Click For Restrictions - about.reuters.com/fulllegal.asp
LINE News: Current Report Filing (8-k) 04/15/2016 07:45:37 AM
LINE News: LINN Energy Announces Payment of Interest Due Under Certain Senior Notes; Provides Update on Strategic Alternatives Process;... 04/15/2016 07:30:00 AM
LINE News: Amended Tender Offer Statement by Third Party (sc To-t/a) 04/06/2016 06:04:11 AM
LINE News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 04/06/2016 06:03:40 AM
LINE News: LINN Energy Enters Into a Settlement Agreement With Certain Senior Secured Second Lien Noteholders 04/05/2016 05:27:36 PM
Linn Energy, Llc - C (LINE)
0.3966 ? 0.0386 (10.78%)
Volume: 14,163,083 @ 7:36:19 PM ET
Bid Ask Day's Range
0.39 0.43 0.38 - 0.45
LINE Detailed Quote Wiki
fwiw ~~~ http://www.dividend.com/dividend-stocks/basic-materials/independent-oil-and-gas/line-linn-energy-llc/
<< However, I even take this with a bit of doubt >>
Probably would pay (for anyone really interested) to contact
LINN "IS" and confirm any questions/factual data on div.
LOL ~~~~ as I figured ~~~~ pure BS artist!
btw --- for the record, your link to the SA article/opinion
says absolutely NOTHING about dividend info ---- which further
would infer your previous posts are also.....FANTASY!
But, have a nice day!
Seeking Alpha is not known for its BS...people go there and stake reputations unlike Ihub...Im being nice...I didn't have to say shit to ya...dig?
I don't know if that is correct ---- but, I'd lean
to the NOT side.
I went to 6-7-8 different sites --- and looked at
several analysis research reports on LINN. Nearly
every one of them have different numbers.
I also went to LINN (LINE) website and could find
nothing to substantiate: rate/ex-div./yield....or
assurance is it in tact.
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