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Enter Symbol:
 
Linn Energy, Llc (LINE) [hlAlert]

Rating:
Underperform
LINE
up 724.48 %

Linn Energy, Llc (LINE) downgraded to Underperform with price target $23 by Oppenheimer

Posted on: Friday,  Aug 9, 2013  8:25 AM ET by Oppenheimer

Oppenheimer rated Underperform Linn Energy, Llc (NASDAQ: LINE) on 08/09/2013. Previously Oppenheimer rated Perform
Linn Energy, Llc (NASDAQ: LINE) on 01/06/2011., when the stock price was $37.95. Since then, Linn Energy, Llc has lost 37.00% as of 08/09/2013's recent price of $23.91.

Linn Energy, LLC (Linn Energy) is an independent oil and gas company focused on the development and acquisition of long life properties in the United States. The Company?s properties are located in the Mid-Continent and California. Proved reserves as of December 31, 2008 were 1,660 One billion cubic feet (Bcfe), of which approximately 51% were gas, 31% were oil and 18% were natural gas liquids (NGL). Approximately 68% were classified as proved developed. As of December 31, 2008, the Company operated 4,453, or 66%, of its 6,716 gross productive wells. The Company?s properties are located in three regions in the United States: Mid-Continent Deep, which includes the Texas Panhandle Deep Granite Wash formation and deep formations in Oklahoma; Mid-Continent Shallow, which includes the Texas Panhandle Brown Dolomite formation and shallow formations in Oklahoma, and Western, which includes the Brea Olinda Field of the Los Angeles Basin in California.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/9/2013 8:25 AM Sell
None
23.91 23.00
as of 12/13/2013
1 Week up  2.45 %
1 Month down  -1.70 %
3 Months down  -5.67 %
1 YTD down  -24.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/6/2011 8:25 AM None
None
37.95

(*) Stock Price at the time of the recommendation.
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