Roan Resources Inc. (ROAN)

[bullrider2]

"Q" oil and gas stocks are making a nice rally today.

[bullrider2]

Do these "Q" stocks companies ever release positive News in a press release, while the company is in chapter 11? Seem like they just abandon their shareholders, and leave them out to dry. Especially LINEQ.

[mick]

LINE News: LINN Energy and LinnCo Receive NASDAQ Delisting Notification 05/23/2016 05:03:14 PM
LINE News: Current Report Filing (8-k) 05/16/2016 05:26:53 PM
LINE News: LINN Energy, LinnCo and Berry Petroleum Receive Court Approval of “First Day” Motions to Support Business 05/13/2016 06:27:29 PM
LINE News: Amended Tender Offer Statement by Third Party (sc To-t/a) 05/13/2016 06:05:16 AM
LINE News: Quarterly Report (10-q) 05/12/2016 04:12:21 PM

[mick]

LINE
Current Price
Volume:
Bid Ask Day's Range
LINE Detailed Quote

[Watkins]

LINN vs BBEP (BBEPQ), which has a higher chance of CODI and which has a higher chance of some PPS recovery?

[andrius]

wow was doing some DD and came across this. http://files.shareholder.com/downloads/LINE/1771127700x0x889270/3AA043BC-7A18-4637-9F10-BF623829631B/S-4_FINAL_Slides_04_26_16_v3.pdf

So when LINEQ restructures its debt there will almost certainly be cancellation of debt income. The way it looks shareholders here could be liable for massive tax bill. So say there is a $1 billion CODI almost $3 per share worth of taxable income would get passed to LINEQ holders? 100,000 shares that are worth around $16,000 could end up in $300,000 taxable income even though you won't see a penny of the $300k? This is nuts, didn't realize this was a partnership and not your regular stock/corp.

It might take awhile for all this to sort through but a CODI event could happen at any time. Staying long here carries huge risk IMO, be careful. LNCOQ owns 70% of LINEQ and is taxed as corporation so it doesn't carry potentially huge tax liability. Looks like a much safer bet.

LinnCo, LLC (OTC:LNCOQ) (“LinnCo”) today announced that it has extended the subsequent offering period in connection with its offer to exchange each outstanding unit of LINN Energy, LLC (OTC:LINEQ) (“LINN”) for one LinnCo share (the “Exchange Offer”) upon the terms and conditions of the Prospectus/Offer to Exchange dated April 26, 2016 (as amended, the “Prospectus”), and the accompanying Amended and Restated Letter of Transmittal (the “Letter of Transmittal”).

The subsequent offering period for the Exchange Offer will now expire at 12:00 midnight (New York City time) on Thursday, June 30, 2016. American Stock Transfer & Trust Company (“AST”), the exchange agent for the Exchange Offer, has advised LinnCo that a total of approximately 12,066,714 LINN units have been tendered during the subsequent offering period, and LinnCo has promptly issued new LinnCo shares for all such tendered LINN units in accordance with the terms of the Exchange Offer. LinnCo now owns approximately 69% of LINN’s outstanding units.

LINN unitholders who validly tender their LINN units during the subsequent offering period will receive the same exchange ratio provided in the initial offering period of 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.

As previously announced, on May 11, 2016, LINN, LinnCo, certain of LINN’s direct and indirect subsidiaries (collectively with LINN, the “LINN Debtors”), and Berry Petroleum Company, LLC (“Berry” and, collectively with the LINN Debtors and LinnCo, the “Debtors”), filed voluntary petitions (the “Bankruptcy Petitions”) for reorganization under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Court”). On May 13, 2016, the Court approved and entered an order authorizing the Company to continue the Exchange Offer throughout the Debtors’ Chapter 11 proceedings. Any party not represented by counsel who would like to receive electronic notifications of filings with the Court may complete the appropriate Court-approved form, which can be obtained at the following address: http://www.txs.uscourts.gov/sites/txs/files/CRECFform.pdf. Copies of this form are also available on the website of LINN’s claims, noticing, and solicitation agent, Prime Clerk LLC, at https://cases.primeclerk.com/linn.

The purpose of the Exchange Offer is to permit holders of LINN units to maintain their economic interest in LINN through LinnCo, 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, CODI will be allocated to persons who are deemed to hold the LINN units when the events giving rise to such CODI occur. The filing of the Bankruptcy Petitions under Chapter 11 of the Bankruptcy Code does not itself cause LINN to recognize CODI; however, it is likely that the final resolution of a bankruptcy plan would cause LINN to recognize an amount of CODI, which may be substantial.

[waldo0708]

they will transfer over to the new ticker with the Q

[ahall]

Saw that Line and Linco will be getting the q tomorrow... What happens to existing shares of linn as a holder

[bullrider2]

How is that so. LINE Energy is the one the creditors has worked out a restructure plan and given the company a $2.2 billion dollar in capital. The creditors believe that LINE can turn around and grow in the news report. All of LNCO assets it tied up in LINE. LNCO has no other assets. If LINE was to fail so will LNCO. Sound like you guys need to stop chewing out your own azzes. Just be thankful that the creditors has given LINE energy the capital which they needed to continue business.

I see this as a plus for both LINE and LNCO for now, but more of a plus for Line Energy. Line Energy is the one with the $2.2 billion in new cash flow. LINE is looking very interesting with this much capital to other pursuers.

I have LINE on my watch list. Game change.

[PRONEW]

LINE going nowhere LNCO worth dollars

[jjpolas]

Yes you are correct

[AUDACIOUSWON]

Isn't LNCO just a holding company for line? LINE being a partnership. LNCO a corp.

[PRONEW]

LNCO will go to nuts on the OTC. just like UPLMQ did. LINE is history. Look at the filings. LNCO is the play. Company is letting people holding LINE units exchange them for LNCO shares. And look at the options chains on LNCO. That may give you a hint as to where this is headed. That on top of the analysts price targets makes LNCO a no BRAINER.

[ttmasher]

You are correct!

[mick]

http://www.otcmarkets.com/stock/LINE/profile

[mick]

http://www.otcmarkets.com/stock/LINE/quote

[mick]

LINE News: Current Report Filing (8-k) 05/16/2016 05:26:53 PM
LINE News: LINN Energy, LinnCo and Berry Petroleum Receive Court Approval of “First Day” Motions to Support Business 05/13/2016 06:27:29 PM
LINE News: Amended Tender Offer Statement by Third Party (sc To-t/a) 05/13/2016 06:05:16 AM
LINE News: Quarterly Report (10-q) 05/12/2016 04:12:21 PM
LINE News: Linn Energy to Be Removed from the Alerian Small Cap MLP Index 05/12/2016 08:30:00 AM

[mick]

Linn Energy, Llc - C (LINE)
0.155 ? 0.0049 (3.26%)
Volume: 15,244,254 @ 7:59:13 PM ET
Bid Ask Day's Range
0.12 0.1498 0.1256 - 0.2498
LINE Detailed Quote

[PRONEW]

It will still be trading. It may be trading on the OTC Monday but none the less it will continue to trade

[ttmasher]

LNCO, will be delisted Monday??

[PRONEW]

LNCO is the one to be buying here guys. $LNCO gonna move big time!

[Chance]

targeting a quarter today..

maybe could go up more

and then next week
take it from there
a day at a time

[mikoli007]

What's gonna happen to this stock LINE?

[johnydollar]

Looks like the skies are just a view at this time.

[PAC]

LINE .14 MOVING w LNCO UPLMQ

[johnydollar]

Nice day here with LINE.

[Tripledog]

Per filing May 24th date does that mean this could trade on till then on big board ? I never got completely buy filled @ .115

[Tripledog]

When will it get the Q ?

[ttmasher]

"LINE" will trend up very quickly here! Chapter 11, is not the end for shareholders. Shareholders will put up a fight, with large shareholders leading the way. In the mean time look for a spike back up to .30+ in the not too distant future. UPLM* just went from low of .16, now .35+ and will move above .40++??

[bar1080]

"Linn Energy Bankruptcy: Salvation For Equity Holders?"

* Equity holders will get wiped out according to the current plan.

* First Lien gets full recovery.

* Second lien and unsecured notes will get wiped out, save equity interest in the new company.

* There were some disagreements among different classes of creditors.

* Current shareholders can still get a chance if other creditors put up a fight.

http://seekingalpha.com/article/3974426-linn-energy-bankruptcy-salvation-equity-holders

[joseytheoutlawwales]

True! Can happen.

Risk/reward always the question. I lost about $26k in line, so I'm hesitant to add to that total.

However, I've debated a purchase as this dwindles on that off chance this survives.

Maybe wait till .05, pick up 10k shares to forget I own....

[7777777777]

I recall an airline that went bankrupt and went as low as .25 per share. I invested heavily and am glad I did. The stock is now above $40.00.

[ClayTrader]

* * $LINE Video Chart 05-12-16 * *

Link to Video - click here to watch the technical chart video

[FlipperExtraordinair]

Shorts are covering. Expect a bounce into the close.

[joseytheoutlawwales]

True, but shares held now will be wiped out.

[ahall]

But they did a Chapter 11 correct? Meaning they are still running day to day operations. They could eventually get out of bankruptcy. Years and Years down the road. :)

[joseytheoutlawwales]

0. Bankruptcy.

[EZ2]

Linn Energy to Be Removed from the Alerian Small Cap MLP Index

PR NEWSWIRE 8:30 AM ET 5/12/2016

Symbol Last Price Change
LINE 0.1326 -0.1984 (-59.94%)
QUOTES AS OF 10:12:07 AM ET 05/12/2016

DALLAS , May 12, 2016 /PRNewswire/ -- Alerian announced today that Linn Energy(LINE) will be removed from the Alerian Small Cap MLP Index (AMSI) in a special rebalancing after market close on Thursday, May 12, 2016. Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. LINE filed voluntary petitions for restructuring under Chapter 11 of the Bankruptcy Code on Wednesday, May 11, 2016.

The index will be rebalanced in accordance with its existing methodology. Constituent additions to and deletions from the index do not reflect an opinion by Alerian on the investment merits of the respective securities.

About Alerian
Alerian equips investors to make informed decisions about Master Limited Partnerships (MLPs) and energy infrastructure. Its benchmarks, including the flagship Alerian MLP Index (AMZ), are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of March 31, 2016, nearly $13 billion is directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. For more information, including index values and constituents, research content, and announcements regarding rebalancings, please visit alerian.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/linn-energy-to-be-removed-from-the-alerian-small-cap-mlp-index-300267602.html

SOURCE Alerian

[EZ2]

<<<<~~~~~ Symbol Last Price Change

LINE 0.1335 -0.1975 (-59.67%)
LNCO 0.136 -0.2081 (-60.48%)

QUOTES AS OF 10:04:38 AM ET 05/12/2016

[ahall]

How low will this go! Any thoughts on recovery in the future?

[mewille]

Well... They all but told us may would be the filing date. They gave two outs either sell or take part in the exchange.

My understanding is if you sold or took part in the exchange your codi taxes would be less than if you held. I sold in April there might be some codi but hopefully not the full hit

The person I feel sorry for is the new unit holder who buys now with no knowledge of the tax impact. I think the sec should halt this until after Ch 11 is final

All imho

[bar1080]

"Linn Energy files for Chapter 11 bankruptcy"

"May 11 (Reuters) - Oil and gas producer Linn Energy LLC and its units, Berry Petroleum Co LLC and Linn Co, filed for Chapter 11 bankruptcy on Wednesday after an agreement with a key creditors group.

The company said it expects its operations across its asset base to continue throughout the Chapter 11 process, which it said was prompted by lingering weak energy prices.

Linn Energy, which has about $10 billion in debt, was founded in 2003 and went public in 2006.

The company said it had sufficient cash to support its operations during its bankruptcy..."

https://finance.yahoo.com/news/linn-energy-files-chapter-11-212307635.html

[ttubular]

Chapter 11. Here comes the retired depth and the taxes to pay on it with no money coming in. Real sad

[Seminole Red]

hope you did not have any

[EZ2]

Securities Law Firm of Mark A. Tepper, P.A. Investigating Alleged Claims against Merrill Lynch for recommending Breitburn Energy Partners LP, LINN Energy LLC, LinnCo LLC

PR NEWSWIRE 9:38 AM ET 5/2/2016

Symbol Last Price Change
LINE 0.36 -0.01 (-2.7%)
LNCO 0.3901 -0.0179 (-4.39%)
BBEP 0.3207down -0.0094 (-2.85%)
QUOTES AS OF 09:36:26 AM ET 05/02/2016

FT. LAUDERDALE, Fla. , May 2, 2016 /PRNewswire/ -- The Mark A. Tepper securities law firm is currently investigating alleged claims against Merrill Lynch and other brokerage firms for recommending Breitburn Energy Partners LP and/or LINN Energy LLC(LINE), LinnCo LLC(LNCO).

Breitburn Energy Partners LP (BBEP) and LINN Energy, LLC(LINE)LinnCo LLC(LNCO) are publicly traded independent oil and gas master limited partnerships (MLPs).

If your broker recommended Breitburn Energy Partners LP(BBEP), LINN Energy LLC(LINE) or LinnCo LLC(LNCO), you may be eligible to recover your Breitburn or LINN investment losses. Are you looking for an attorney to sue your broker to recover your losses for recommending Breitburn Energy Partners LP(BBEP), LINN Energy LLC(LINE) or LinnCo LLC(LNCO)? We are accepting clients with Breitburn, LINN, or LinnCo(LNCO) claims and Breitburn, LINN, or LinnCo(LNCO) losses.

How Investors May Recover Breitburn, LINN or LinnCo(LNCO) losses
Investors who were inappropriately recommended oil and gas investments like Breitburn Energy Partners LP(BBEP), LINN Energy LLC(LINE) or LinnCo LLC(LNCO), may be eligible to file claims against their broker.
Did your broker explain the risk of loss in these or other MLPs?
Did your broker recommend too high a concentration of these or other MLPs in your accounts?

If the answer is "yes" you may have a claim against your broker to recover losses you sustained.

For a free case evaluation from the law firm of Mark A. Tepper P.A., email attorney Mark A. Tepper at [e-mail] or telephone [phone].

About Mark A. Tepper, P.A. (www.MarkTepper.com)
Attorney Mark A. Tepper is the former Chief Trial Counsel at the New York Attorney General's Bureau of Investor Protection and Securities. He has earned the reputation of "Investor Advocate" while practicing law for over 35 years representing individual investors. FINRA arbitrators have upheld stockbroker fraud claims filed by Mr. Tepper against many brokerage firms. A member of the Florida, New York and California Bars, Mr. Tepper is peer-reviewed for 15 consecutive years, AV PREEMINENT® for ethical standards and legal ability, the highest rating of lawyers in the Martindale-Hubbell Law Directory.

MEDIA CONTACT:
Mark Hopkinson, NewsMark Public Relations
561-852-5767 [e-mail]

http://www.newsmarkpr.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/securities-law-firm-of-mark-a-tepper-pa-investigating-alleged-claims-against-merrill-lynch-for-recommending-breitburn-energy-partners-lp-linn-energy-llc-linnco-llc-300260535.html

SOURCE Mark A. Tepper, P.A.

[mick]

LINE News: Statement of Changes in Beneficial Ownership (4) 04/29/2016 06:27:37 PM
LINE News: Statement of Changes in Beneficial Ownership (4) 04/29/2016 02:31:25 PM
LINE News: Statement of Changes in Beneficial Ownership (4) 04/29/2016 02:28:48 PM
LINE News: Statement of Changes in Beneficial Ownership (4) 04/29/2016 02:17:15 PM
LINE News: Statement of Changes in Beneficial Ownership (4) 04/29/2016 02:14:15 PM
News News Alert: Statement of Changes in Beneficial Ownership (4) 04/29/2016 06:27:37 PM

[mick]

Linn Energy, Llc - C (LINE)
0.37 ? 0.016 (4.52%)
Volume: 4,140,616 @ 6:18:40 PM ET
Bid Ask Day's Range
0.355 0.38 0.35 - 0.38
LINE Detailed Quote Wiki

[fung_derf]

No dividend. Thought you knew this stock?

[Longer Than Most]

How big of a dividend and when?

[robby71a]

If not today...May 5th...cinquo de Mayo

+/- 0.012 cents range 7 cents either side