Current LINE Stock Info

LINN Energy (ticker: LINE) announced the sale of $2.3 billion in assets on October 3, 2014. The sale comes, as promised, to finance its previous acquisition of $2.3 billion in assets from Devon Energy. The Devon purchase was announced in June and closed in August.

LINN is making strides in rebalancing its portfolio. In its Q2’14 conference call, management said it plans on selling its high decline, more capital-intensive projects in order to bolster its position with “long life, low decline properties,” said Mark Ellis, President, Chairman a...

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