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oh and please recall how these divies get paid out...
Love shared...know you business...this time was a freebie
Where are you getting that info from ?
Can you provide a link which reflects the distribution
info?
TY!
Where have you heard that?
Apr 28 divy still on track
BRIEF-Linn Energy announces payment of interest due under certain senior notes
REUTERS 9:17 AM ET 4/15/2016
Symbol Last Price Change
LINE 0.358 0 (0%)
QUOTES AS OF 04:00:00 PM ET 04/14/2016
April 15 (Reuters) - Linn Energy(LINE)
* Linn Energy(LINE) announces payment of interest due under certain senior notes; provides update on strategic alternatives process; enters into amendments to credit facilities
* Linn Energy Llc(LINE) and Berry Petroleum Company made interest payments on April 14, 2016 of about $30 million on Linn's 7.75 pct senior notes due 2021
* Linn and Berry intend to elect to exercise 30-day grace period with respect to an interest payment due April 15, 2016
* Linn Energy Llc(LINE) says currently in process of exploring strategic alternatives
* Linn Energy Llc(LINE) says in talks on how to best reduce company's debt including possibility of restructuring under a Chapter 11 plan of reorganization
* To exercise 30-day grace period on interest payment of approximately $31 million on Linn's 8.625 pct senior notes due April 2020
* Says Linn and Berry intend to elect to exercise 30 day grace period for interest payment due April 15, 2016 of approximately $31 million
* To exercise 30-day grace period on interest payments due may 1, 2016 of approximately $18.2 million on Linn's 6.25 pct senior notes due May 2019
* Linn Energy Llc(LINE) says on April 12, 2016, Linn entered into eighth amendment to its sixth amended and restated credit agreement
* To exercise 30-day grace period on approximately $8.8 million on Berry's 6.75 pct senior notes due November 2020
* Credit agreement amendment provides that certain specified events will not become defaults or events of default until May 11, 2016
* Under credit agreement amendment, Berry to have access to $45 million in cash in order to fund ordinary course operations
* Under credit agreement amendment, borrowing base will remain constant until May 11, 2016, subject to some conditions
* Credit agreement amendment provides that borrowing base will remain constant until May 11, 2016 Source text for Eikon: Further company coverage: [ LINE.O] (Bengaluru Newsroom: +1 646 223 8780)
(c) Copyright Thomson Reuters 2016. Click For Restrictions - about.reuters.com/fulllegal.asp
Suggest everyone READ the small print and details !
BRIEF-Linn Energy says made $100 mln permanent repayment of loans outstanding under credit agreement
REUTERS 9:09 AM ET 4/15/2016
Symbol Last Price Change
LINE 0.358 0 (0%)
QUOTES AS OF 04:00:00 PM ET 04/14/2016
April 15 (Reuters) - Linn Energy LLC(LINE)
* If fully executed RSA is entered into by May 11, will be required to make $350 million permanent repayment of loans outstanding
* As a condition to closing credit agreement amendment, made $100 million permanent repayment of loans outstanding under credit agreement 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
No doubt. Excellent news .50 pre market. Goooo
LINE is gapping up this morning. Could be a nice run today. Let's Go LINE.
Linn Energy skips interest payments on new set of notes
REUTERS 8:04 AM ET 4/15/2016
Symbol Last Price Change
LINE 0.358 0 (0%)
QUOTES AS OF 04:00:00 PM ET 04/14/2016
April 15 (Reuters) - Oil and gas producer Linn Energy LLC(LINE) said it planned to skip interest payments on some of its senior notes due on Friday, after making bond payments that were deferred last month.
Linn Energy (LINE) and its unit, Berry Petroleum Co LLC, planned to skip interest payments of a total of $58 million, due Friday and May 1, kicking off a 30-day grace period, the company said in a statement.
Linn said it paid off interest payments of about $60 million that were deferred on March 15, when the company said that bankruptcy may be unavoidable, after flagging substantial doubt about its ability to continue as a going concern. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Shounak Dasgupta)
(c) Copyright Thomson Reuters 2016. Click For Restrictions - about.reuters.com/fulllegal.asp
I don't put much faith in Kramer/the Street...
but this news was put out everywhere. Let it scare off the shorties. I firmly believe Linn Energy is working towards a restructure. I have seen this type of hype before. There are gainers in this sectors demise. But as oil increases in price...this sector will recover.
Energy XXI to Cut $3B Worth of Debt in Chapter 11 Plan
http://realmoney.thestreet.com/articles/04/14/2016/energy-xxi-cut-3b-worth-debt-chapter-11-plan?cm_ven_int=homepage-latest-headlines
Lets just hope the banks don't want to see too many more oil based companies fail and work with our debt restructure.
Holding LNCO
Noticed shorty hack piece put out by Canadian Reuters hack for hire after hours yesterday. Seen the same scam on a solar stock that was also $30+ and now trading at similar low pps as FINE. Similar massive short interest in both. Containment/manipulation down with abusive NSS also clear to see yesterday. This is STOCK MANIPULATION. SEC might as well not exist. Useless/compromised bunch.
might jump in here tomorrow also playing UPL
Last trade today @t .43 ,142870 buy 22.00.00 NICE!!!
It is Ironic - For LINE to do better, we all need to pay more for gas!!!
Shermann
US Crude Production Falls under 9 million Barrels a day. U.S. crude production fell under the 9 million barrel a day threshold last week for the first time since late 2014 — a welcome development for oil producers heading to Doha this weekend.
Output should continue dropping as the U.S. industry faces tighter financing and continued oversupply.
Production has been eroding since peaking last April near 9.7 million barrels a day, according to the U.S. Energy Information Administration data. Last week's output of 8,977,000 barrels a day is the lowest since October 2014, a month before OPEC stunned the energy world with a new market-based policy that sent prices crashing.
The goal of the Organization of the Petroleum Exporting Countries at the time was clearly to slow the output of high-cost producers — such as the upstart U.S. shale industry. Source CNBC 4 hours ago.
The reason for the dump is reflection from bearish speculative analysts. Nearly every news service is reporting their perspectives. Sad, really, as LINE could easily have surpassed .5 today with more positive speculation. The reason its so negative today is the past two days were flash responses due to DOHA results over the weekend...which were left somewhat up in the air until next weekend. The positive aspect is a good portion of those negotiations were set in the direction of price increase for oil. Which we all want.
Again, Confidence is high...
Ford Equity Research says LINE is a Strong Buy
Jaywalk Consensus says LINE is a Hold
The Street says sell...but I have little faith in Crackpot Kramer ...he chases only the safest bets and usually those will cost more than they offer in return.
whole sector is down today, might bounce tmorrow
Getting ready for higher grounds
News leak...DOHA meetings...another this weekend. This weekend will settle the matter. Most are predicting oil price increases from here until kingdom come. $50 dollars per barrel buy year end.
LINE is also restructuring in the face of surmounting debt. Confidence is high that it will recover as falling oil prices caused the initial upset.
LINE should slowly rise in price over the next year. $30 is optimistic...$5-$10 is more realistic and with an improved dividend.
The shorting today is mostly from skittish investors
Looking good, going to break 50 and never look back soon:)
Lot's of MOMO yet to play out in this sector 50 dollar a barrel Comming soon.
I agree totally useless! Also sizeable retail shorting group that one. If a stock goes up that short often shows up with his 'support levels'.
That's because charts are worthless for predicting movement, although they're fabulous if you're in the business of selling charting courses.
No university study has ever proven that charts are useful.
Crazy undervalued this stock. $30 not so long ago. $12 this time last year!
Green coming. Hold your shares.
Scumbag shorts making their beer money today.
It is 'uncanny' how the next day after you post your chart that whichever stock you chart falls in price.
No just a short.
Why the massive volume yesterday..news leak or oil price spike?
3rd biggest day volume in the company's history yesterday.
62 transactions totalling $17BN..1800 employees..PPS 0.47 down from $30??? WTH?
http://www.linnenergy.com/about/
LINE another company riding the tide back up....
in the large swings of oil prices
as the oil supply gut is beginning to clear some
holding a number of oil energy company reversals
speculating for some more uptrending
at least for now
========================================================================
another reversal could keep uptrending....
some indications / daily > http://stockcharts.com/h-sc/ui?s=LINE&p=D&b=5&g=0&id=p46560504934
weekly > http://stockcharts.com/h-sc/ui?s=LINE&p=W&b=5&g=0&id=p38795037187
========================================================================
Wow! How can a 30 dollar company can down to .47 amazing!
Wow! How can a 30 dollar company can down to .47 amazing!
* * $LINE Video Chart 04-12-16 * *
Link to Video - click here to watch the technical chart video
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