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Sunday, December 22, 2013 10:07:06 PM
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/
Purely my own opinion. Do your Due Diligence.
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Recent BRY News
- Berry Corporation to Report First Quarter 2024 Results and Hold Conference Call May 1 • GlobeNewswire Inc. • 04/03/2024 08:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 04:06:58 PM
- Berry Corporation Reports Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 03/06/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 02:46:50 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 01:54:53 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 01:51:39 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 06:07:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 02:20:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 02:08:19 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/18/2024 07:43:46 PM
- Berry Corporation Releases Select Preliminary 2023 Results and Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call for March 6 • GlobeNewswire Inc. • 01/18/2024 07:11:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/01/2023 09:06:36 PM
- Berry Corporation Reports Third Quarter 2023 Results • GlobeNewswire Inc. • 11/01/2023 11:00:00 AM
- Berry Corporation to Report Third Quarter 2023 Results and Hold Conference Call November 1 • GlobeNewswire Inc. • 10/04/2023 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2023 09:18:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2023 08:37:12 PM
- Berry Corporation Completes Acquisition of Macpherson Energy Corporation, Updates Annual Guidance • GlobeNewswire Inc. • 09/18/2023 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/18/2023 09:03:45 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/02/2023 04:56:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2023 02:15:23 PM
- Berry Corporation Reports Second Quarter 2023 Results • GlobeNewswire Inc. • 08/02/2023 11:00:00 AM
- Berry Corporation Announces Acquisition of Macpherson Energy Corporation • GlobeNewswire Inc. • 07/17/2023 08:15:00 PM
- Berry Corporation (bry) to Report Second Quarter 2023 Results and Hold Conference Call August 2 • GlobeNewswire Inc. • 07/03/2023 08:00:00 PM
- Berry Corporation (bry) Reports First Quarter 2023 Results • GlobeNewswire Inc. • 05/03/2023 11:00:00 AM
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